How to Pronounce "amortization"
word
ˌæmɝtɪˈzeɪʃən
am-er-tuh-ZAY-shuhn
əˌmɔːtaɪˈzeɪʃən
uh-MAW-ty-zay-shuhn
Definition
Amortization is the process of gradually paying off a debt over time through regular payments, or spreading the cost of an asset over a period for accounting purposes.
IPA Transcription
American English
ˌæmɝtɪˈzeɪʃən
British English
əˌmɔːtaɪˈzeɪʃən
Simplified Pronunciation
US
am-er-tuh-ZAY-shuhn
UK
uh-MAW-ty-zay-shuhn
Listen in Context
The amortization of the loan will take ten years.
We use amortization to spread the expense over several years.
The company records amortization every month for its patents.
If you check your mortgage statement, you'll see a breakdown of the amortization.