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- Dictionaryam·or·tize/ˈamərˌtīz/
verb
- 1. gradually write off the initial cost of (an asset) over a period: "they want to amortize the tooling costs quickly"
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The meaning of AMORTIZE is to pay off (an obligation, such as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund. How to use amortize in a sentence.
to reduce a debt or cost by paying small regular amounts: They pay monthly loan payments based on a formula that amortizes the debt over 15 years, at 8 percent interest. The economics of a show depend on the number of weeks over which the producer can amortize the start-up costs.
May 27, 2024 · Amortization typically refers to the process of writing down the value of either a loan or an intangible asset. Amortization schedules are used by lenders, such as...
Amortize definition: to liquidate or extinguish (a mortgage, debt, or other obligation), especially by periodic payments to the creditor or to a sinking fund.. See examples of AMORTIZE used in a sentence.
to reduce a debt or cost by paying small regular amounts: They pay monthly loan payments based on a formula that amortizes the debt over 15 years, at 8 percent interest. The economics of a show depend on the number of weeks over which the producer can amortize the start-up costs.
1. To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund. 2. To write off an expenditure for (an asset, especially an intangible one, such as a patent) by prorating over a certain period, usually the expected duration of the asset's benefit.
To amortize is to gradually pay off a debt. A bank will help you amortize a loan so that you can make a monthly payment until you've paid back the entire amount.
Amortize Definition. To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund. To put money aside at intervals, as in a sinking fund, for gradual payment of (a debt, etc.) either at or before maturity.
1. to put money aside at intervals, as in a sinking fund, for gradual payment of (a debt, etc.) either at or before maturity. 2. Accounting. to write off ( expenditures) by prorating over a fixed period.
amortize something to pay back a debt by making small regular payments over a period of time
