adjective
- capable of being gradually paid off or written off over time
Usage: finance; accounting
Examples
- The loan is amortizable over a 30-year period.
- Intangible assets like patents are often amortizable.
- The company’s goodwill is not amortizable under current accounting rules.
- Software development costs may be amortizable over several years.
- The mortgage has an amortizable principal balance.
- Research and development expenses are typically not amortizable.