Amortization (tax law)
WordNet
noun
(1) Payment of an obligation in a series of installments or transfers
(2) The reduction of the value of an asset by prorating its cost over a period of years
WiktionaryText
Noun
- 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.
- Such a projection with respect to a particular asset.