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Rareamortization
The correct spelling is amortization.
How to pronounce amortization
noun
IPA: /əˌmɔːtaɪˈzeɪʃən/
Say it like: Amo-rti-zas-hon
The correct spelling is amortization. The reduction of loan principal over a series of payments.
Usage Examples
No usage examples in context are available for this word.
Definition
noun
- 1.The reduction of loan principal over a series of payments.
- 2.The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
Similar words
Words related in meaning — check their spelling too.