A term to know.
The reduction of a debt over time through periodic payments; within the context of the tax law, the depreciation of intangible personal property over its class life, according to the method of depreciation allowable to the taxpayer/owner.
Synonyms: amortizations, amortize, amortized, amortizes
Synonyms list (a comma-separated list)
amortizations, amortize, amortized, amortizes