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UK//ˌæmɔːtəˈzeɪʃən//US//ˌæmɔːrtəˈzeɪʃən//

Meaning of Amortisation

In simple words: The process of paying off a debt gradually over time.

Amortisation in a sentence

  • The bank offers a detailed plan for the amortisation of your loan.
  • Understanding the amortisation schedule can help you manage your expenses better.
  • Amortisation will reduce the overall interest paid on the mortgage.
  • They calculated the amortisation of the asset over five years.
  • She was confused about the amortisation process but soon learned how it worked.

How to use Amortisation

Used in financial contexts, often in discussions about loans and investments. Not common in everyday conversation.

Grammar pattern

amortise + object

Memory hint

Think of 'a-mort-gage' - a mortgage is often amortised over many years.

Related words

Collocations with Amortisation

  • amortisation schedule
  • amortisation period
  • amortisation process
  • amortisation table
  • amortisation expense

Synonyms for Amortisation

Common mistakes with Amortisation

  • Confused with 'amortization' - the British spelling is 'amortisation'.
  • Using it in informal contexts where simpler terms are preferred.
  • Misunderstanding it as instant payment instead of gradual.

Compare Amortisation with Payment, Settlement, Liquidation, Discharge

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Frequently asked questions about Amortisation

What does Amortisation mean?

The process of paying off a debt gradually over time.

What is the definition of Amortisation?

The process of gradually paying off a debt through regular payments.

How do you use Amortisation in a sentence?

The bank offers a detailed plan for the amortisation of your loan.

Can you give another example of Amortisation?

Understanding the amortisation schedule can help you manage your expenses better.

What are synonyms for Amortisation?

Common alternatives include repayment, payment, settlement, liquidation, discharge.

What words go with Amortisation?

It commonly pairs with amortisation schedule, amortisation period, amortisation process, amortisation table, amortisation expense.

What are common mistakes when using Amortisation?

Confused with 'amortization' - the British spelling is 'amortisation'. Using it in informal contexts where simpler terms are preferred. Misunderstanding it as instant payment instead of gradual.

How do you pronounce Amortisation?

US: //ˌæmɔːrtəˈzeɪʃən//, UK: //ˌæmɔːtəˈzeɪʃən//. Listen to the audio above to hear native pronunciation.

Is Amortisation formal or informal?

"Amortisation" is formal, so it fits professional, business, or academic conversations.

When should I use Amortisation?

Used in financial contexts, often in discussions about loans and investments. Not common in everyday conversation.