adjective
- not yet paid off or written off through regular payments over time
Usage: accounting; finance
Examples
- The company still has $50,000 in unamortized debt on its balance sheet.
- Unamortized loan costs must be reported as assets.
- The unamortized portion of the bond premium will be written off next year.
- Banks track both amortized and unamortized portions of mortgages.
- The unamortized balance decreases with each monthly payment.
- Accountants must properly classify unamortized expenses.