Etymology
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amortization (n.)

1670s, in reference to the alienation of lands given to religious orders, noun of action from amortize. Of debts, "extinction (especially by a sinking-fund)," from 1824.

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Definitions of amortization

amortization (n.)
the reduction of the value of an asset by prorating its cost over a period of years;
Synonyms: amortisation
amortization (n.)
payment of an obligation in a series of installments or transfers;
Synonyms: amortisation
From wordnet.princeton.edu