Is “Amortization” a Scrabble word?

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Yes
AMORTIZATION
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Amortization

/əˌmɔːtaɪˈzeɪʃən/

noun
  1. 1.The reduction of loan principal over a series of payments.

  2. 2.The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.