amortization
Translation
amortization, repayment, depreciation
Examples
The amortization of the loan is over 25 years.
The amortization of the loan is over 25 years.
Goodwill amortization is a complex accounting topic.
Goodwill amortization is a complex accounting topic.
Grammar Patterns
((of sth.)) the process of paying off (sth.) The amortization of the loan is over 25 years.
Similar Words
Synonyms: depreciation, repayment, write-off
Etymology
From Latin 'ad-' (to) + 'mors' (death), literally 'bringing to death', as in gradually killing off a debt.
Memory Tips
Think of 'mort-' (death), like in mortal or mortgage. Amortization is the process of 'killing' a debt over time.