1. to pay off (a debt) gradually through regular payments over time
Usage: finance
2. to gradually write off the cost of an asset over a period of time for accounting purposes
Usage: accounting

Examples

• The homeowners will amortize their mortgage over thirty years.
• She decided to amortize her student loans with monthly payments.
• The company will amortize the cost of the new equipment over five years.
• Banks typically amortize loans by calculating equal monthly payments.
• The business must amortize its startup costs for tax purposes.
• They chose to amortize the debt rather than pay it all at once.