amortizationˌæm ər təˈzeɪ ʃən, əˌmɔr-; -ˈtaɪz mənt, əˈmɔr tɪz-
amortization (n)
English Definitions:
amortization, amortisation (noun)
the reduction of the value of an asset by prorating its cost over a period of years
amortization, amortisation (noun)
payment of an obligation in a series of installments or transfers
amortization (Noun)
The reduction of loan principle 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.
Amortization
In business, amortization refers to spreading payments over multiple periods. The term is used for two separate processes: amortization of loans and amortization of intangible assets.
amortization
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"amortization." Kamus.net. STANDS4 LLC, 2024. Web. 20 Apr. 2024. <https://www.kamus.net/english/amortization>.
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