|amortization or amortisation (əˌmɔːtaɪˈzeɪʃən)|
|1.||a. the process of amortizing a debt|
|b. the money devoted to amortizing a debt|
|2.||Compare accumulation (in computing the redemption yield on a bond purchased at a premium) the amount that is subtracted from the annual yield|
|amortisation or amortisation|
|amortizement or amortisation|
|amortisement or amortisation|
A term that refers either to the gradual paying off of a debt in regular installments over a period of time or to the depreciation of the “book value” (that is, the standard assessed value) of an asset over a period of time.