Amortize Meaning in English
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Definition
To pay off a debt or loan in regular payments over a period of time. It also refers to spreading out the cost of something, like an asset, over several years in accounting.
Usage & Nuances
Formal, used in business, finance, and accounting. Common collocations: 'amortize a loan', 'amortize an asset', 'amortization schedule'. Not used for everyday payments—specific to structured debts or accounting contexts.
Example Sentences
We will amortize our mortgage over 30 years.
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Businesses often amortize the cost of equipment over several years.
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He plans to amortize his student loans quickly.
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The company decided to amortize the software license over five years instead of paying all at once.
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Small payments each month will help you amortize your credit card debt more efficiently.
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If you amortize big expenses over time, they won’t hurt your budget as much.
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