amortization

amortization has 4 senses in the JumbleFix dictionary. Letters: 12.

Definitions

• n.. The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
• n.. The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.
• n.. payment of an obligation in a series of installments or transfers
• n.. the reduction of the value of an asset by prorating its cost over a period of years