Amortized

Pronunciation: /ˈæmərˌtaɪzd/

Amortized (verb)

  1. To pay off a debt over time with regular payments.
  2. To gradually reduce the cost of an asset over time.

Examples

  • The loan was amortized over 30 years.
  • They amortized the cost over five years.

Common collocations: amortize a loan, amortize the cost, amortize debt, amortize gradually

Synonyms of Amortized

Formal

Neutral

Antonyms of Amortized

  • — referring to accumulating interest or debt
  • — referring to taking on new debt