Definition of amortization noun from the Oxford Advanced Learner's Dictionary

 

amortization

 noun
(British English also -isation)noun
BrE BrE//əˌmɔːtaɪˈzeɪʃn//
 
; NAmE NAmE//ˌæmərtəˈzeɪʃn//
 
[uncountable, countable](business)
 
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the practice of paying back a debt by making small regular payments over a period of time