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amortize verb
(UK usually amortise) 
/əˈmɔː.taɪz/
/æmˈɔːr-/ v [T] formal
/əˈmɔː.taɪz//æmˈɔːr-/ v [T] formal Definition
to reduce a debt by paying small regular amounts
The value of the machinery is amortized over its estimated useful life.
amortizable adjective
UK usually amortisable /əˈmɔː.taɪ.zə.bl ̩//ˌæm.ɔːrˈtaɪ-/ adj amortization noun
UK usually amortisation /əˌmɔː.tɪˈzeɪ.ʃən//æmˌɔːr.t ̬ə-/ n [U] (Definition of amortize verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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