from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The act or process of amortizing.
- n. The money set aside for this purpose.
- n. In reckoning the yield of a bond bought at a premium, the periodic subtraction from its current yield of a proportionate share of the premium between the purchase date and the maturity date.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The reduction of loan principle over a series of payments.
- n. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
from the GNU version of the Collaborative International Dictionary of English
- n. The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
- n. The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.
from The Century Dictionary and Cyclopedia
- n. The act of alienating lands or tenements to a corporation in mortmain.
- n. Extinction, as of debt, especially by a sinking-fund; a payment toward such extinction.
- n. Also admortization, amortizement.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the reduction of the value of an asset by prorating its cost over a period of years
- n. payment of an obligation in a series of installments or transfers
Sorry, no etymologies found.