V2 Vocabulary Building Dictionary
amortize
verb
Definition: 1. to pay off a debt with gradual installments; 2. to spread out the cost over several payments or different applications
Synonyms: liquidate, pay, reimburse, repay, satisfy, settle
Antonyms: renege, breach
Tips: Amortize is derived from the Old French amortiss, which means "to deaden." Think of deadening or extinguishing a debt. The related noun amortization refers to the reduction of the value of an asset by prorating its cost over a period of years, or to the payment of an obligation in a series of installments. In business, amortize can be a positive word if you mention it in a context of spreading out an investment for a number of different applications: "We should be able to amortize (apply, utilize) our investment in a number of different ways."
Usage Examples:
He will make additional payments every month in order to amortize the loan. (repay, settle)
They figured it would take five years to amortize their debt. (pay off, repay, satisfy)
Most home loans are amortized over 30 years. (repaid, paid)
The amortization of my accrued credit card debt will take several months. (repayment) noun
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