Associations to the word «Amortisation»

Wiktionary

AMORTISATION, noun. Alternative spelling of amortization

Dictionary definition

AMORTISATION, noun. The reduction of the value of an asset by prorating its cost over a period of years.
AMORTISATION, noun. Payment of an obligation in a series of installments or transfers.

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky