amortization

noun

Meaning

The process of gradually paying off a debt or spreading the cost of an intangible asset over its useful life.

Examples

The bank provided a detailed schedule showing the amortization of the loan over the next fifteen years.
Companies must account for the amortization of patents and trademarks on their annual financial statements.

Synonyms: repayment, installment, write-off, depreciation

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amortization

noun

Pronunciation: /əˌmɔːrtɪˈzeɪʃən/

Definition

The process of gradually paying off a debt or spreading the cost of an intangible asset over its useful life.

Examples

The bank provided a detailed schedule showing the amortization of the loan over the next fifteen years.
Companies must account for the amortization of patents and trademarks on their annual financial statements.
By increasing your monthly payment, you can significantly shorten the amortization period of your student debt.

Synonyms of amortization

Words with a similar meaning to amortization:

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