1. gradually pays off a debt through regular payments that cover both principal and interest
Usage: finance; third person singular present
2. gradually writes off the cost of an asset over time for accounting purposes
Usage: accounting; third person singular present

Examples

• The company amortizes its mortgage over thirty years.
• She amortizes her student loan with monthly payments.
• The business amortizes the cost of new equipment over five years.
• The bank amortizes the loan using a standard payment schedule.
• The accounting department amortizes intangible assets annually.
• He amortizes his car loan with equal monthly installments.