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amortize

am·or·tize

amortize

 
 
pronunciation:
ae mr taIz [or] mor taIz
features:
Word Combinations (verb), Word Parts
part of speech: transitive verb
inflections: amortized, amortizes, amortizing
definition 1: to deduct (expenditures) by fixed amounts over a period of time.
The accountant informed us that we would have to amortize the new company van, rather than write off the whole expense this year.
definition 2: to pay off (a debt) by installments over a defined period of time.
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