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Noun: amortization  ,a-mur-tu'zey-shun [N. Amer], ,a-mu(r)-tI'zey-shun [Brit]
  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

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

Encyclopedia: Amortization