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doc Definition of amortization
    English to English
    noun
  • the reduction of the value of an asset by prorating its cost over a period of years
    • source: WordNet 3.0
  • payment of an obligation in a series of installments or transfers
    • source: WordNet 3.0
  • The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
    • source: Webster 1913
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