noun
1. the reduction of the value of an asset by prorating its cost over a period of years
• Syn: ↑amortization
• Hypernyms: ↑decrease, ↑diminution, ↑reduction, ↑step-down
2. payment of an obligation in a series of installments or transfers
• Syn: ↑amortization
• Derivationally related forms: ↑amortise, ↑amortize (for: ↑amortization)
• Hypernyms: ↑payment, ↑defrayal, ↑defrayment
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amortizāˈtion or amortisāˈtion noun
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Main Entry: ↑amortize
Useful english dictionary. 2012.