Amortization (or amortisation; see spelling differences) is the process of reducing, or accounting for, an amount (usually a financial debt) over a period according to a plan. The word comes from Middle English amortisen to kill, alienate in mortmain, from Anglo-French amorteser, alteration of amortir, from Vulgar Latin admortire "to kill", from Latin ad- and mort-, "death".

Applications of amortization

See also


  1. Thomas H. Cormen, Charles E. Leiserson, Ronald L. Rivest, and Clifford Stein. "Chapter 17". Introduction to Algorithms, third edition. MIT Press and McGraw-Hill.

External links

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