Amortize
verb
To slowly pay off a debt over a period of time.
The mortgage will be fully amortized over 30 years
Often appears as...
- amortize a loan
- amortize a mortgage
Usage tips
Formal
verb
To gradually reduce or write off the cost or value of something, such as an asset.
The company amortizes the cost of the equipment over its expected lifespan
Often appears as...
- amortize the cost
- amortize an asset
Usage tips
Formal
Technical
verb
To slowly pay off a debt over a period of time.
The mortgage will be fully amortized over 30 years
Often appears as...
- amortize a loan
- amortize a mortgage
Usage tips
Formal
verb
To gradually reduce or write off the cost or value of something, such as an asset.
The company amortizes the cost of the equipment over its expected lifespan
Often appears as...
- amortize the cost
- amortize an asset
Usage tips
Formal
Technical
Definition 1 of 2
Pro Tip 1/3Financial Commitment
Understanding 'amortize' suggests ongoing payments until a debt is cleared.
They plan to amortize their car loan with monthly payments.
Pro Tip 2/3Not Immediate
'Amortize' implies a gradual process, not paying all at once.
You can't amortize your credit card debt in just one month.
Pro Tip 3/3Time Frame
The term often comes with a specific time period like years or months.
Our business loan will be amortized over five years.
Pro Tip 1/3Financial Commitment
Understanding 'amortize' suggests ongoing payments until a debt is cleared.
They plan to amortize their car loan with monthly payments.
Pro Tip 2/3Not Immediate
'Amortize' implies a gradual process, not paying all at once.
You can't amortize your credit card debt in just one month.
Pro Tip 3/3Time Frame
The term often comes with a specific time period like years or months.
Our business loan will be amortized over five years.
Pro Tip 1/3Financial Commitment
Understanding 'amortize' suggests ongoing payments until a debt is cleared.
They plan to amortize their car loan with monthly payments.
Pro Tip 2/3Not Immediate
'Amortize' implies a gradual process, not paying all at once.
You can't amortize your credit card debt in just one month.
Pro Tip 3/3Time Frame
The term often comes with a specific time period like years or months.
Our business loan will be amortized over five years.
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Quote examples
Mark Zandi
American Economist
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.
Quote examples
Shawn Ryan
American Writer
There are certain economics involved in making a network TV show that you want to amortize the costs of that, so the more episodes you make, the cheaper they all are individually.
Quote examples
Alex Stamos
American Businessman
Attackers are able to amortize the cost of exploit, malware, and infrastructure development across many targets.
Quote examples
Mark Zandi
American Economist
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.
Quote examples
Shawn Ryan
American Writer
There are certain economics involved in making a network TV show that you want to amortize the costs of that, so the more episodes you make, the cheaper they all are individually.
Quote examples
Alex Stamos
American Businessman
Attackers are able to amortize the cost of exploit, malware, and infrastructure development across many targets.
Example 1 of 3
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