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am·or·ti·za·tion  (  m   r-t  -z   sh n, -môr -) KEY NOUN:
- The act or process of amortizing.
- The money set aside for this purpose.
- In reckoning the yield of a bond bought at a premium, the periodic subtraction from its current yield of a proportionate share of the premium between the purchase date and the maturity date.
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