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Amortization

Noun CEFR C1
əˌmɔːtəˈzeɪʃən

Definitions

  1. The reduction of loan principal over a series of payments.
    countable, uncountable
  2. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
    countable, uncountable

Equivalents

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CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

Amortizations Amortize Amortized amortized constant time amortizement amortizer

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