amortize

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[edit] English

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[edit] Etymology

American spelling of amortise; see there for further details.

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[edit] Verb

amortize (third-person singular simple present amortizes, present participle amortizing, simple past and past participle amortized)

  1. (transitive) To decrease an amount gradually or in installments, especially in order to write off an expenditure or liquidate a debt.
    He obtained a mortgage with the interest payments amortized over the life of the loan.

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