Sunday, March 2, 2008

Word of the Week #5

Amortization (noun)

An act or instance of amortizing a debt or other obligation. The sums devoted to this purpose. The money set aside for this purpose.

I came across this word from reading a textbook for MCOM 70.

The man had an amortization to go through before he could buy a new car.

1 comment:

camccune said...

I don't think this sentence works. Try again.

4/5