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Amortization

ah-mor-tih-ZAY-shun

/əˌmɔːrtɪˈzeɪʃən/

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Syllable breakdown

Amortization

Dictionary meaning

The process of spreading loan repayment or asset cost over a set period.

Examples

  • The amortization schedule shows monthly principal and interest breakdown.

Common mispronunciations

AM-or-tih-ZAY-shun

Pronunciation tips

Five syllables. Stress on fourth syllable. From Latin 'mors' (death) — 'killing' the debt.

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