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Amortization   Listen
noun
Amortization  n.  
1.
(Law) The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
2.
The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.





Collaborative International Dictionary of English 0.48


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"Amortization" Quotes from Famous Books



... persons in the United States who declared incomes of $50,000 or more per year, which is the equivalent of $1,000 per week. Among these persons 141 declared annual incomes of over $1,000,000. Besides these personal incomes, each industry which paid these dividends and profits, through its depreciation, amortization, replacement, new construction, and surplus funds was reinvesting in the industries billions of wealth that would be used in the creation of more wealth. The normal processes of the growth of the modern economic system has forced upon the masters of life the problem of ...
— The American Empire • Scott Nearing


Words linked to "Amortization" :   amortize, Earnings Before Interest Taxes Depreciation and Amortization, diminution, step-down, amortisation, defrayal, defrayment


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