From Longman Dictionary of Contemporary Englishamortizea‧mor‧tize (also amortise British English) /əˈmɔːtaɪz $ ˈæmərtaɪz/ verb [transitive] BFL technical to pay a debt by making regular payments —amortization /æˌmɔːtaɪˈzeɪʃən $ ˌæmərtə-/ noun [countable, uncountable]→ See Verb table
Examples from the Corpus
amortize• Jaubert named a price and interest rate, assuming that the man would amortize the cost with a ten-year note.• A new accounting standard allowed the thrifts to amortize the losses over the life of the loans.• It will amortize the rest of the next five to fifteen years.From Longman Business Dictionaryamortizea‧mor‧tize /əˈmɔːtaɪzˈæmər-/ (also amortise British English) verb [transitive]1ACCOUNTING to show the reduction in the value of an asset in a company’s accounts over a period of timeAll acquisition expenses are amortized over 10 years. → see also depreciate2FINANCE to make repayments on a loanThe company reached agreement with its banks to amortize a loan balance of $73 million over two years.→ See Verb tableOrigin amortize (1300-1400) Old French amortir, from Vulgar Latin admortire “to deaden”, from Latin ad- “to” + mors “death” 