amortize
Pronunciation
Verb
C1 Advanced
Quick answer
To gradually pay off a debt through regular payments over time, or to spread the cost of something over its useful life.
Usage notes
A finance and accounting term, rarely used outside those contexts.
Test yourself
Which word fits the gap? "The company _____ the cost of new equipment over five years."
Answer: amortize
In your own words, what does "amortize" mean?
To gradually pay off a debt through regular payments over time, or to spread the cost of something over its useful life.
Learn next at C1
- anachronistic Belonging to a time period different from the one being depicted or di...
- analgesia The medical relief or absence of pain, without loss of consciousness.
- analgesic A medicine that relieves pain.
- annul To officially cancel something, especially a marriage or law, so that...
- anodyne Something that soothes pain or calms distress, especially used to avoi...
- anoint To pour or rub oil on someone as part of a religious ceremony, or to f...