Amortization means a debt is being paid off by a series of payments. An amortization schedule for your car loan will show exactly how much you owe and how long it’ll take to pay it.
The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
Noun
payment of an obligation in a series of installments or transfers
Noun
the reduction of the value of an asset by prorating its cost over a period of years
n.
The act or right of alienating lands to a
corporation, which was considered formerly as transferring them to dead
hands, or in mortmain.
n.
The extinction of a debt, usually by means of a
sinking fund; also, the money thus paid.
Amortization
The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
Usage Examples
After all, sustainability means running the global environment - Earth Inc. - like a corporation: with depreciation, amortization and maintenance accounts. In other words, keeping the asset whole, rather than undermining your natural capital.
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