Meaning and example

the reduction of the value of an asset by prorating its cost over a period of years

The passage used "amortization" to mean the reduction of the value of an asset by prorating its cost over a period of years.

Plain-English interpretation

A prevalence score of 0.469 places amortization in the rare range on this site. In practical terms, the word was recognized by about 68.2% of people in the source dataset.

Related words

No indexed related-word pages are available for this entry yet.

Source attribution

Brysbaert, M., Mandera, P., McCormick, S. F., & Keuleers, E. (2019). Word prevalence norms for 62,000 English lemmas. Behavior Research Methods, 51, 467-479.

Definitions and related terms are derived from WordNet. This page is part of the curated indexable word set.