Amortize (Verb)
Meaning
Liquidate gradually.
Classification
Verbs of buying, selling, owning.
Examples
- The company decided to amortize the debt by spreading the payment over several years.
- The business owner chose to amortize the cost of expensive equipment by dividing it across multiple income statements.
- By amortizing the loan over 10 years, the payments became manageable for the young couple.
- To recover the investment, the investor planned to amortize the purchase price through monthly rental income.
- The bank offered a plan to amortize the credit card balance over 5 years with a fixed interest rate.