Definition of Amortization

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

Exact synonyms: Amortisation
Generic synonyms: Decrease, Diminution, Reduction, Step-down

2. Noun. Payment of an obligation in a series of installments or transfers.
Exact synonyms: Amortisation
Generic synonyms: Defrayal, Defrayment, Payment
Derivative terms: Amortise, Amortize

Definition of Amortization

1. n. The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.

Definition of Amortization

1. Noun. The reduction of loan principle over a series of payments. ¹

2. Noun. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset. ¹

¹ Source: wiktionary.com

Definition of Amortization

1. [n -S]

Lexicographical Neighbors of Amortization

amorphousnesses
amorphozoa
amorphozoic
amorphs
amorphus
amorphy
amort
amortisation
amortisations
amortise
amortised
amortises
amortising
amortisseur winding
amortizable
amortization
amortizations
amortize
amortized
amortizement
amortizes
amortizing
amorwe
amoscanate
amosite
amosites
amotio placentae
amotion
amotions
amotus

Literary usage of Amortization

Below you will find example usage of this term as found in modern and/or classical literature:

1. Forest Owners' Guide to the Federal Income Tax by William C. Siegel, William L. Hoover, Harry L. Haney, Jr., Karen Liu (1996)
"Expenditures for timber stand improvement (TSI) practices in established stands do not qualify for the amortization and tax credit. ..."

2. Valuation, Depreciation and the Rate-base by Carl Ewald Grunsky (1916)
"EXPLANATION OP TABLE 27 Amortization AND DEPRECIATION Definitions of amortization and depreciation have already been given Table 27 is an amortization table ..."

3. Municipal Franchises: A Description of the Terms and Conditions Upon which by Delos Franklin Wilcox (1911)
"Amortization of capital.—In any franchise settlement, after the capital value has been hammered down to the lowest practicable figure, the next thing to be ..."

4. The Mathematical Theory of Investment by Ernest Brown Skinner (1913)
"The amortization of the premium on a bond bought above par. When a bond which is to be redeemed at par is bought at a premium, some provision must be made ..."

5. Rural Credits, Land and Cooperative by Myron Timothy Herrick, R. Ingalls (1914)
"History of Amortization Plan.—Two Advantages of Amortizable Loans Repayable by Annuities. ... Absolute Safety Necessary for Bonds of Amortization Companies. ..."

6. Revised Record of the Constitutional Convention of the State of New York by New York (State). Constitutional Convention (1916)
"... in excess of the interest on such debt and of the annual instalments necessary for its amortization may be excluded in ascertaining the power of such ..."

7. Accounting Theory and Practice by Roy Bernard Kester (1918)
"Amortization of Bond Discount and Premium The equitable distribution (technically known as "amortization") of the discount and premium on bond investments ..."

8. The Accountancty of Investment by Charles Ezra Sprague, Leroy L. Perrine (1914)
"The three months' amortization of the bonds sold is in effect implied in the price $51,- 291.86, which is reduced by the amortization ..."

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