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more about amortization
amortization |
2 definitions found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Amortization \A*mor`ti*za"tion\, n. [LL. amortisatio, admortizatio See {Amortize}, and cf {Admortization}.] 1. (Law) The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain. 2. The extinction of a debt, usually by means of a sinking fund; also the money thus paid. --Simmonds. From WordNet r 1.6 [wn]: amortization n 1: the reduction of the value of an asset by prorating its cost over a period of years [syn: {amortisation}] 2: payment of an obligation in a series of installments or transfers [syn: {amortisation}]
more about amortization
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