amortizablea‧mor‧tiz‧a‧ble /əˈmɔːtaɪzəbəl-ɔːr-/ (also amortisable British English) adjectiveACCOUNTING if an asset is amortizable, its cost can be taken off the taxableprofits of a business over several yearsGoodwill is an asset that is not amortizable.
