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amortization

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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}] 




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