VORA
VORADictionaryB2Amortization
CEFR B2 — Upper-Intermediate

Amortization

Definition

The process of gradually reducing the value of an asset, such as a loan or a piece of equipment, over its useful life, by spreading its cost over a number of years.

Example Sentences

1The company's amortization of the new equipment will be spread over five years.
2Is the amortization of the loan based on a fixed or variable interest rate?
3The accountant had to calculate the amortization of the intangible assets for the financial report.
4If you amortize the cost of the software over three years, the annual expense will be lower.
5There are different methods of amortization, including the straight-line method and the accelerated method.

More B2 Words

🎧 Hear "Amortization" pronounced & master it with spaced repetition — free →
VORA · Dictionary · Pricing
© 2026 VORA — voralingo.com · English vocabulary mastery from A1 to C2