amortization

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

  1. noun the reduction of the value of an asset by prorating its cost over a period of years
  2. noun payment of an obligation in a series of installments or transfers

Etymology

From Middle English amortisen (“to kill, alienate in mortmain”), from Anglo-Norman amorteser, alteration of Old French amortir, from Vulgar Latin *admortire (“to kill”), from Latin ad- and mors, mortem (“death”).

Synonyms

amortisation

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