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Amortization
01
(finance) the repayment of an obligation through a series of installments
spécialisé
informations grammaticales
Exemples
The amortization schedule showed monthly payments over 30 years.
02
(accounting) the gradual reduction in the recorded value of an asset by allocating its cost over its useful life
spécialisé
Exemples
The patent's amortization was spread over twenty years.
