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definition of the word amortization

by the Wiktionnary

Singular
amortization

Plural
countable and uncountable; amortizations

amortization (countable and uncountable; plural amortizations)

  1. In accounting, the process by which the cost of an intangible asset (such as an intellectual property right) is distributed over the projected useful life of the asset.
  2. Such a projection with respect to a particular asset.

Definition from Wiktionary
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