Meaning of AMORTIZATION
| Pronunciation: | | `amurti'zeyshun
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 WordNet Dictionary |
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| | Definition: | |
- [n] payment of an obligation in a series of installments or transfers
- [n] the reduction of the value of an asset by prorating its cost over a period of years
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| | Synonyms: | | amortisation |
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| | See Also: | | decrease, defrayal, defrayment, diminution, payment, reduction, step-down | |
| Webster's 1913 Dictionary |
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| | 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.
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| Thesaurus Terms |
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| | 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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