PoliticsAugust 3, 2026

amortisation

uh-mor-tih-ZAY-shun

Definition

The systematic reduction of the value of an intangible asset or the gradual paying off of a debt through regular, scheduled payments.

Etymology

Derived from the Latin 'ad' (to) and 'mort' (death), the term originally meant to 'put to death' or extinguish a debt over a specified period.

In the news

The article uses the term in the standard financial acronym EBITDA to describe the company's earnings performance before accounting for certain non-cash expenses and interest costs. It helps investors understand the company's pure operational profitability.

Geopolitics threaten Ghana’s economic gains, MTN warns

Read the full article ↗

Business Day

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