verb (used with object), am·or·tized, am·or·tiz·ing.
- to liquidate or extinguish (a mortgage, debt, or other obligation), especially by periodic payments to the creditor or to a sinking fund.
- to write off a cost of (an asset) gradually.
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Origin of amortize
OTHER WORDS FROM amortizeam·or·tiz·a·ble, adjectivenon·am·or·tiz·a·ble, adjectiveun·am·or·tized, adjective
Words nearby amortize
How to use amortize in a sentence
Since there is no functional limit on the number of void years a team can write into a contract, Julio’s 2021 cap hit could be amortized over as many years as needed.
For most of these startups, once you have a customer using one financial product, much like traditional banks, they want you to use all of their other products as well to maximize customer value and amortize those high CAC costs.Gusto is expanding from payroll into a full suite financial wellness platform|Danny Crichton|September 30, 2020|TechCrunch