amortization -
The reduction of loan principal over a series of payments.
amortization -
The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
Wikipedia
Amortization (or amortisation) is the process of decreasing, or accounting for, an amount over a period. 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- + mort-, mors death. Particular instances of the term include: When used in the context of a home purchase, amortization is the process by which your loan principal decreases over the life of your loan.
