💰amortization

noun
/əˌmɔːrtəˈzeɪʃən/

Meaning

The process of gradually paying off a debt through regular payments over time.
The process of paying off debt with regular payments over time.
The action or process of gradually writing off the initial cost of an asset.

Example Sentences

The company used a 10-year schedule for the amortization of its loan.

The amortization schedule showed a 10-year repayment plan.

Smart amortization prevents financial strain.

Synonyms

repayment, payoff, reduction, liquidation, loan repayment, debt reduction, depreciation, installment reduction, debt allocation
Entry 1
repayment, payoff, reduction, liquidation
Entry 2
loan repayment, debt reduction, depreciation
Entry 3
loan repayment, installment reduction, debt allocation

Antonyms

accumulation, increase, indebtedness, default, non-payment
Entry 1
accumulation, increase
Entry 2
accumulation, indebtedness, default
Entry 3
accumulation, default, non-payment

Collocations

loan amortization, amortization schedule, amortization expense

Related Vocabularies

The action, process, or result of combining or uniting.
The action of breathing out.
a barrier built to hold back water and raise its level
A great king, especially a ruler of one of the principal states in India.
A substance that pollutes or contaminates.
A feudal lord; a man of authority in medieval Europe.

Explore More