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Vinony

amortization

noun

  1. in tax law, the cost recovery system for intangible property
L316248 on Wikidata ↗

Wiktionary

Pronunciation: /əˌmɔːtəˈzeɪʃən/ / /əˌmɔːtaɪˈzeɪʃən/ / /ˌæmɚtəˈzeɪʃən/

noun

Etymology: From Middle English amortisen (“to kill, alienate in mortmain”), from Anglo-Norman amorteser, alteration of Old French amortir, from Vulgar Latin *admortire (“to kill”), from Latin ad- and mors, mortem (“death”).

  1. The reduction of loan principal over a series of payments.
  2. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.