Meaning of “amortize” in the English Dictionary

"amortize" in British English

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amortizeverb [ T ]

formal UK usually amortise uk /əˈmɔː.taɪz/ us /æmˈɔːr.taɪz/

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 uk /əˈmɔː.taɪ.zə.bəl/ us /ˌæm.ɔːrˈtaɪ.zə.bəl/
amortization
noun [ U ] UK usually amortisation uk /əˌmɔː.tɪˈzeɪ.ʃən/ us /æmˌɔːr.t̬əˈzeɪ.ʃən/

(Definition of “amortize” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"amortize" in Business English

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amortizeverb [ T ]

UK also amortise uk /əˈmɔːtaɪz/ us

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.
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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
noun [ U ] UK also amortisation /əˌmɔːtɪˈzeɪʃən/ /æmˌɔːrṱə-/

Costs before depreciation and amortisation jumped 45% in a single year.

(Definition of “amortize” from the Cambridge Business English Dictionary © Cambridge University Press)

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