Top Definition
1. the reduction of the value of an asset by prorating its cost over a period of years
2. payment of an obligation in a series of installments or transfers
The amortization table indicates how many payments must be made before the vehicle is paid in full.
by Cins July 05, 2007

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×