Difference between Amortization and Amortisation
What is the difference between Amortization and Amortisation?
Amortization as a noun is in accounting, the process by which the cost of an intangible asset (such as an intellectual property right) is distributed over the projected useful life of the asset. while Amortisation as a noun is the reduction of loan principal over a series of payments.
Amortization
Part of speech: noun
Definition: In accounting, the process by which the cost of an intangible asset (such as an intellectual property right) is distributed over the projected useful life of the asset.
Such a projection with respect to a particular asset.
Amortisation
Part of speech: noun
Definition: The reduction of loan principal over a series of payments.
We hope you now know whether to use Amortization or Amortisation in your sentence.
