amortize

🇺🇸 /ˈæmərtaɪz/ 🇬🇧 /əˈmɔːtaɪz/
Frequency
Difficulty
Tags RARE
verb
R

to gradually pay off a loan by making regular payments over time

They are working to amortize their student loan by making payments every month.

translation

v. to gradually pay off a loan by making regular payments over time

Word Forms

3rd Present amortizes
Past amortized
Perfect amortized
Progressive amortizing