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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.
Posted by nani56 at 7:25 PM

1 comments:

camccune said...

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

4/5

March 28, 2008 11:40 PM

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