amortization Hear it!

amortization definition

am·or·ti·za·tion (am′ər ti zā′s̸hən, ə môr′tə-)

noun

  1. an amortizing or being amortized
  2. money put aside for amortizing a debt, etc.
    also amortizement amor′·tize·ment (ə môr′tiz mənt)

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