Word: Amortization
Speech Type: Noun
Audio Pronunciation:
Phonetic Spelling:
əˌmɔːtʌɪˈzeɪʃn
Dialects: British English
Definition:
the action or process of gradually writing off the initial cost of an asset
Short Definition:action of gradually writing off initial cost of asset
Examples:- due to the amortization of initial costs, the risks of negative working capital are mitigated
Variant Forms:
- amortisation
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