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amortización

amortisation; depreciation

noun ah-mohr-tee-sah-SYOHN Rare

Also means

loan repayment

Usage Note

Amortización is the financial term for spreading the cost of an asset over its useful life (depreciation) or paying off a debt in instalments. The related verb is amortizar. In Spain and Latin America it appears in tax filings, mortgage contracts, and accounting reports; a learner is most likely to encounter it in financial news.

Examples

"La amortización del préstamo dura veinte años."

Natural Translation

The repayment of the loan lasts twenty years.

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