amortization definition

  • noun:
    • The act or procedure of amortizing.
    • the cash reserve for this purpose.
    • In reckoning the yield of a bond bought at reduced, the regular subtraction from its existing yield of a proportionate share of this advanced involving the purchase date additionally the maturity date.
    • The reduced amount of loan principle over some payments.
    • The circulation of this price of an intangible asset, eg an intellectual residential property right, within the projected of use lifetime of the asset.
    • The act or right of alienating lands to a corporation, which was considered previously as moving them to dead arms, or perhaps in mortmain.
    • The extinction of a debt, frequently in the form of a sinking fund; also, the amount of money therefore compensated.
    • The work of alienating lands or tenements to a corporation in mortmain.
    • Extinction, by debt, specifically by a sinking-fund; a payment toward such extinction.
    • In addition admortization, amortizement.
    • the decrease in the worth of a secured item by prorating its cost during a period of years
    • payment of an obligation in a series of installments or transfers

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