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amortization

5 syllables
noun
Quick answer

As a noun, amortization means the reduction of loan principal over a series of payments.

Meanings of amortization

4 meanings

noun

  1. The reduction of loan principal over a series of payments.

  2. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.

  3. The reduction of the value of an asset by prorating its cost over a period of years

    Similar: amortisation

  4. Payment of an obligation in a series of installments or transfers

    Similar: amortisation

Meanings from Wiktionary (CC BY-SA 4.0) and Open English WordNet (CC BY 4.0).

Synonyms by meaning

noun: the reduction of the value of an asset by prorating its c…
amortisation
noun: payment of an obligation in a series of installments or t…
amortisation

Words that rhyme with amortization

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