Amortization - definition, pronunciation, transcription
Amer.
|ˌæmərtəˈzeɪʃən|
Brit.
|əˌmɔːtæɪˈzeɪʃən|
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
- payment of an obligation in a series of installments or transfers
Extra examples
Loan amortization shows you how interest and principal are paid off.
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