English noun: amortization | |||
1. | amortization (act) the reduction of the value of an asset by prorating its cost over a period of years | ||
Synonyms | amortisation | ||
Broader (hypernym) | decrease, diminution, reduction, step-down | ||
2. | amortization (act) payment of an obligation in a series of installments or transfers | ||
Synonyms | amortisation | ||
Broader (hypernym) | defrayal, defrayment, payment | ||