Meaning of the word amortize in English
What does amortize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
amortize
US /ˈæm.ɔːr.taɪz/
UK /əˈmɔː.taɪz/
Verb
to reduce a debt or cost by paying small regular amounts:
Example:
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They pay monthly loan payments based on a formula that amortizes the debt over 15 years, at 8 percent interest.