1. gradually paying off a debt through regular payments that cover both principal and interest
Usage: finance; present participle of amortize
2. gradually writing off the cost of an asset over time for accounting purposes
Usage: accounting; present participle of amortize

Examples

• The bank is amortizing the loan over thirty years.
• She’s been amortizing her mortgage for five years now.
• The company is amortizing the software costs over three years.
• By amortizing the equipment purchase, they spread the expense across multiple quarters.
• The homeowner prefers amortizing the debt rather than making interest-only payments.
• They are amortizing their startup costs over the first two years of operation.