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amortize to pay off (a debt) by installments over a defined period of time. [1/2 definitions]
fail of a business, to become unable to make enough money to continue operating and to pay off debts; become insolvent. [1/10 definitions]
liquidate to pay off or settle (a debt or the like). [1/5 definitions]
redeem to pay off (a debt). [1/7 definitions]
sinking fund a fund set aside to pay off the long-term debt of a state or corporation.