amortization — English Dictionary

Noun

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

   Usage

   • Countable
   • Uncountable

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

   Usage

   • Countable
   • Uncountable

Noun

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

   Synonyms

   amortisation

   Broader terms

   decreasediminutionreductionstep-down

2. payment of an obligation in a series of installments or transfers

   Synonyms

   amortisation

   Broader terms

   paymentdefrayaldefrayment