WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. payment of an obligation in a series of installments or transfers
n. the reduction of the value of an asset by prorating its cost over a period of years
Word Usage
"By the end of this year, 15% of CLOs will have reached the end of reinvestment -- or so-called amortisation periods -- with an additional 27.5% maturing throughout 2012, S&P said."