Skip to definition.
Get the FREE one-click dictionary software for Windows.


Noun: amortization  `amurti'zeyshun
  1. The reduction of the value of an asset by prorating its cost over a period of years
    - amortisation [Brit]
     
  2. Payment of an obligation in a series of installments or transfers
    - amortisation [Brit]

Derived forms: amortizations

See also: amortize

Type of: decrease, defrayal, defrayment, diminution, payment, reduction, step-down

Encyclopedia: Amortization