amortization
1. the reduction of the value of an asset by prorating its cost over a period of years • Syn: amortisation • Hypernyms: decrease, diminution, reduction, step-down 2. payment of an obligation in a series of installments or transfers • Syn: amortisation • Derivationally related forms: amortise (for: amortisation), amortize • Hypernyms: payment, defrayal, defrayment
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