amortisation
C1CEFR level
60/100Rarity: rare
TechnicalRegister
Law noun
The systematic writing-off of the cost of an intangible asset over its useful life.
The amortisation of the acquired goodwill was deductible under the intangibles regime.
Business noun
The systematic writing-off of the cost of an intangible asset over its useful economic life.
The amortisation of the acquired patent is charged evenly across its ten-year legal term.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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