Amortization

noun
,æmərtɪ'zeɪʃən

Noun

  • the reduction of the value of an asset by prorating its cost over a period of years

    Similar:Amortisation
    Type of:Step-downDiminutionDecrease
  • payment of an obligation in a series of installments or transfers

    Similar:Amortisation
    Type of:PaymentDefraymentDefrayal

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