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amortization

/əˌmɔːtaɪˈzeɪʃən/
noun
1.
  1. the process of amortizing a debt
  2. the money devoted to amortizing a debt
2.
(in computing the redemption yield on a bond purchased at a premium) the amount that is subtracted from the annual yield Compare accumulation (sense 3b)
Derived Forms
amortizement, amortisement (əˈmɔːtɪzmənt) noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin and History for amortisation
n.

chiefly British English spelling of amortization; see -ize.

Online Etymology Dictionary, © 2010 Douglas Harper
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