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

The chief difference between words and deeds is that words are always intended for men for their approbation, but deeds can be done only for God.
Leo Tolstoy