What is the meaning of amortization?

noun

  • The reduction of the value of an asset by prorating its cost over a period of years.
  • Payment of an obligation in a series of installments or transfers.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). amortization. Retrieved September 20, 2026, from http://smartdefine.org/amortization/definitions/1193498
ChicagoWordNet. 2010. "amortization" http://smartdefine.org/amortization/definitions/1193498 (accessed September 20, 2026).
HarvardWordNet 2010, amortization, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/amortization/definitions/1193498>.
MLAWordNet. "amortization" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/amortization/definitions/1193498>
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