1. The process of gradually paying off a debt, such as a loan or mortgage, through regular payments over a set period of time.
Usage: Chiefly British spelling; American English typically uses 'amortizations'; Commonly used in finance and accounting contexts
2. In accounting, the allocation of the cost of an intangible asset over its useful life.
Usage: Technical accounting term; Similar to depreciation but applied to intangible assets such as patents, copyrights, and goodwill

Examples

• The bank provided a detailed amortisations schedule showing how the mortgage would be paid off over 30 years.
• Under the new accounting standards, the company must record amortisations of its software licenses annually.
• The loan amortisations were structured to allow for lower payments in the early years.
• The financial statement included amortisations of intangible assets acquired in the merger.
• She reviewed the amortisations table to understand how much principal and interest she would pay each month.