non-amortization
|non-a-mor-ti-za-tion|
🇺🇸
/nɑn.əˌmɔɹ.təˈzeɪ.ʃən/
🇬🇧
/nɒn.əˌmɔː.tɪˈzeɪ.ʃən/
no repayment of principal
Etymology
'non-amortization' originates from Modern English, specifically the negative prefix 'non-' + the noun 'amortization' (the process of amortizing a debt).
'amortization' changed from Old French 'amortir' (to deaden/extinguish) and Late Latin 'admortire' (ad- + mort- 'death') and eventually became the modern English noun 'amortization' meaning the extinguishing of a debt (by payments) in Middle English and Early Modern English, leading to formations like 'non-amortization' in contemporary usage.
Initially, the root meant 'to deaden' or 'make dead'; over time it evolved to mean 'to extinguish' (a debt), and in modern usage it denotes the process of repaying or writing off a debt or cost — so 'non-amortization' now denotes the absence of that repayment/writing-off process.
Meanings by Part of Speech
Noun 1
the condition or practice of not amortizing a debt or cost — i.e., not scheduling periodic principal repayments so that only interest (or no payments) is made; in accounting, the decision not to amortize an asset or expense.
The loan's non-amortization meant borrowers paid interest only for the first five years.
Synonyms
Antonyms
Last updated: 2025/11/06 00:03
