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{%type%} Definitions

WordNet 3.0Copyright Princeton University


Short "hint"

n. - Payment of an obligation in a series of installments or transfers; The reduction of the value of an asset by prorating its cost over a period of years.

Usage examples (22)
  • That's what they call the amortization schedule, which can go on for as long as forty years.
  • Don't consider a long-term amortization (such as 30-35 years) unless you are confident you'll later have spare funds to make prepayments.
  • The amortization was a little higher than we modeled.
  • After all, it is the rise in the LIBOR and the negative amortization, which is going to cause the majority of these loans to reset so steeply. for more
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