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English definition of “amortize”

amortize

verb [T] uk formal (UK usually amortise)   /əˈmɔː.taɪz/ us    /æmˈɔːr-/
to reduce a debt by paying small regular amounts: The value of the machinery is amortized over its estimated useful life.
amortizable
adjective uk (UK usually amortisable)   /əˈmɔː.taɪ.zə.bl̩/ us    /ˌæm.ɔːrˈtaɪ-/
amortization
noun [U] uk (UK usually amortisation)   /əˌmɔː.tɪˈzeɪ.ʃən/ us    /æmˌɔːr.t̬ə-/
(Definition of amortize from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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