WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from WordNet

Definitions from the Web

Amortize

Part of Speech: verb

Sense 1:

Definition: Gradually reduce or pay off a debt or liability, typically through regular periodic payments.

Example sentence: He decided to amortize his mortgage over a period of 30 years.

Related products on Amazon: Mortgage Calculator, Debt Management Book

Sense 2:

Definition: Spread or allocate an expense or cost over a period of time.

Example sentence: The company plans to amortize the cost of the new equipment over the next five years.

Related products on Amazon: Business Accounting Software

Part of Speech: noun

Sense 1:

Definition: An amount of interest that is added to the principal of a loan or debt.

Example sentence: The monthly payment includes both the principal and the amortize.

Sense 2:

Definition: The process of spreading a cost or expense over a period of time.

Example sentence: The amortize of the new car was spread out over five years.

Related products on Amazon: Budgeting Book