Associations to the word «Amortization»

Wiktionary

AMORTIZATION, noun. The reduction of loan principal over a series of payments.
AMORTIZATION, noun. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.

Dictionary definition

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

Wise words

Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around.
Leo Buscaglia