Associations to the word «Amortization»

Wiktionary

AMORTIZATION, noun. The reduction of loan principal over a series of payments.
AMORTIZATION, noun. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.

Dictionary definition

AMORTIZATION, noun. The reduction of the value of an asset by prorating its cost over a period of years.
AMORTIZATION, noun. Payment of an obligation in a series of installments or transfers.

Wise words

Occasionally in life there are those moments of unutterable fulfillment which cannot be completely explained by those symbols called words. Their meanings can only be articulated by the inaudible language of the heart.
Martin Luther King Jr.