amortization
|a-mor-ti-za-tion|
C1
🇺🇸
/əˌmɔːr.təˈzeɪ.ʃən/
🇬🇧
/əˌmɔː.tɪˈzeɪ.ʃən/
(amortize)
gradual reduction
Etymology
Etymology Information
'amortization' originates from Middle French, specifically the word 'amortir,' where 'a-' meant 'to' and 'mort' meant 'death.'
Historical Evolution
'amortir' transformed into the English word 'amortize,' and eventually became the modern English word 'amortization.'
Meaning Changes
Initially, it meant 'to bring to death or extinction,' but over time it evolved into its current meaning of 'gradual reduction of a debt or cost.'
Meanings by Part of Speech
Noun 1
the process of gradually writing off the initial cost of an asset over a period.
The company uses amortization to spread the cost of the new equipment over five years.
Synonyms
Antonyms
Last updated: 2025/01/11 11:42