Definitions of "amortize"
  1. The action of lessening an amount in increments over time
  2. The approach of gradually clearing a debt, typically through regular payments consisting of both principal and interest or contributions to a sinking fund
  3. The practice of gradually decreasing the cost of an asset for tax benefits, often by distributing periodic charges to income across a specified period
How to use "amortize" in a sentence
  1. The company decided to amortize their new equipment over a five-year period to spread out the costs.
  2. By deciding to amortize her student loan, she could manage her payments more efficiently.
  3. The software company chose to amortize their development costs over the foreseeable life of their product.

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