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

It is better wither to be silent, or to say things of more value than silence. Sooner throw a pearl at hazard than an idle or useless word; and do not say a little in many words, but a great deal in a few.
Pythagoras