Payment of an obligation in a series of installments or transfers

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

WordNet Word definitions in WordNet
n. the reduction of the value of an asset by prorating its cost over a period of years [syn: amortization ] payment of an obligation in a series of installments or transfers [syn: amortization ]

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Amortise \A*mor"tise\, v., Amortisation \A*mor`ti*sa"tion\, n., Amortisable \A*mor"tis*a*ble\, a., Amortisement \A*mor"tise*ment\, n. Same as Amortize , Amortization , etc.

Wiktionary Word definitions in Wiktionary
alt. (alternative spelling of amortization English) n. (alternative spelling of amortization English)

Douglas Harper's Etymology Dictionary Word definitions in Douglas Harper's Etymology Dictionary
chiefly British English spelling of amortization ; see -ize .