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Meaning of AMORTIZATION

Pronunciation:  `amurti'zeyshun

 
WordNet Dictionary
 
 Definition: 
  1. [n]  payment of an obligation in a series of installments or transfers
  2. [n]  the reduction of the value of an asset by prorating its cost over a period of years
 

AMORTIZATION is a 12 letter word that starts with A.

 

 Synonyms: amortisation
 
 See Also: decrease, defrayal, defrayment, diminution, payment, reduction, step-down

 

 

Webster's 1913 Dictionary
 
 Definition: 
\A*mor`ti*za"tion\, n. [LL. amortisatio,
admortizatio. See {Amortize}, and cf. {Admortization}.]
1. (Law) The act or right of alienating lands to a
   corporation, which was considered formerly as transferring
   them to dead hands, or in mortmain.

2. The extinction of a debt, usually by means of a sinking
   fund; also, the money thus paid. --Simmonds.

 
Thesaurus Terms
 
 Related Terms: abalienation, acquitment, acquittal, acquittance, alienation, amortizement, assignation, assignment, bargain and sale, barter, bequeathal, binder, cash, cash payment, cession, clearance, conferment, conferral, consignation, consignment, conveyance, conveyancing, debt service, deeding, defrayal, defrayment, deliverance, delivery, demise, deposit, disbursal, discharge, disposal, disposition, doling out, down payment, earnest, earnest money, enfeoffment, exchange, giving, hire purchase, hire purchase plan, installment, installment plan, interest payment, lease and release, liquidation, monthly payments, never-never, paying, paying off, paying out, paying up, payment, payment in kind, payoff, prepayment, quarterly payments, quittance, regular payments, remittance, retirement, sale, satisfaction, settlement, settling, sinking-fund payment, spot cash, surrender, trading, transfer, transference, transmission, transmittal, vesting, weekly payments
 

 

 

 

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