The act or process of amortizing a debt or asset; the gradual payment or write-down of a loan.
From amortize + -ment (suffix indicating an action or result). Combines Old French amortir with the English result-noun suffix.
The word 'amortizement' is old-fashioned accounting jargon—modern people just say 'amortization,' but the meaning is identical: the mathematical plan for slowly erasing a debt.
Complete word intelligence in one call. Free tier — 50 lookups/day.