amortization

[ am-er-tuh-zey-shuh n, uh-mawr- ]
/ ˌæm ər təˈzeɪ ʃən, əˌmɔr- /
SEE SYNONYMS FOR amortization ON THESAURUS.COM

noun

an act or instance of amortizing a debt or other obligation.
the sums devoted to this purpose.
Also amortizement.

Origin of amortization

First recorded in 1665–75, amortization is from the Medieval Latin word a(d)mortizātiōn- (stem of admortizātiō). See amortize, -ation

Words nearby amortization

amorphia, amorphism, amorphous, amort, amort., amortization, amortize, amortizement, amory, amos, amosite

Words related to amortization

refund, return, settlement, restitution, wage, fee, sum, subsidy, deposit, reparation, premium, award, salary, reimbursement, disbursement, outlay, cash, amount, pension, repayment

Example sentences from the Web for amortization

  • Surplus revenues enabled the amortization of its debt; and by 1852 the revenue exceeded three million dollars annually.

    Railroads: Rates and Regulations |William Z. Ripley

  • "'Amortization' is the word, Colonel," was Smith's prompt verdict after he had gone over Martin's summaries.

    The Real Man |Francis Lynde

  • No effort is made to levy tolls that will provide for interest charges, or for the amortization of the principal.

    The Panama Canal |Frederic Jennings Haskin

  • This amortization of the Republic's debt for these improvements has been going steadily forward.

    The Panama Canal |Frederic Jennings Haskin

British Dictionary definitions for amortization

amortization

amortisation

/ (əˌmɔːtaɪˈzeɪʃən) /

noun

  1. the process of amortizing a debt
  2. the money devoted to amortizing a debt
(in computing the redemption yield on a bond purchased at a premium) the amount that is subtracted from the annual yield Compare accumulation (def. 3b)

Derived forms of amortization

amortizement or amortisement (əˈmɔːtɪzmənt), noun

Cultural definitions for amortization

amortization
[ (am-uhr-tuh-zay-shuhn, uh-mawr-tuh-zay-shuhn) ]

A term that refers either to the gradual paying off of a debt in regular installments over a period of time or to the depreciation of the “book value” (that is, the standard assessed value) of an asset over a period of time.