amortization
Translation
amortisation
Examples
The loan has a 30-year amortization period.
The loan has a 30-year amortisation period.
Amortization reduces the book value of an intangible asset.
Amortisation reduces the book value of an intangible asset.
Grammar Patterns
the amortization of ((sth.)) The amortization of the loan is spread over 15 years.
an amortization (schedule/period) The bank provided an amortization schedule.
Similar Words
Synonyms: depreciation, write-off, installment payment
Etymology
From Old French 'amortir' (to bring to death), from Latin 'ad' + 'mortem' (to death). The idea is 'killing off' a debt over time.
Memory Tips
Think 'mort-' as in 'mortal' or 'mortgage'. You are slowly 'killing' the debt.