amortize
(UK also amortise) /əˈmɔːtaɪz/ verb [T]Definition
› ACCOUNTING, TAX to spread the value or cost of an asset in accounts over a number of years: amortize sth over sth Companies use depreciation to amortize fixed assets over their usable life. The value of the machinery is amortized over its estimated useful life. → Compare depreciate
› to reduce a debt by paying small regular amounts: When asked what tolls would be required to amortize the payments under the contracts, he said the figures were astronomical.
amortization (UK also amortisation) /əˌmɔːtɪˈzeɪʃən/
/æmˌɔːrṱə-/ noun [U] › Costs before depreciation and amortisation jumped 45% in a single year.(Definition of amortize verb from the Cambridge Business English Dictionary
© Cambridge University Press)
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