Meaning of amortization

am•or•ti•za•tion

Pronunciation: (am"ur-tu-zā'shun, u-môr"-), [key]
— n.
  1. an act or instance of amortizing a debt or other obligation.
  2. the sums devoted to this purpose.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also: