1. ACCOUNTING to show the reduction in the value of an asset in a company's accounts over a period of time:
2. FINANCE to make repayments on a loan:
• The company reached agreement with its banks to amortize a loan balance of $73 million over two years.
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amortize UK US (UK also amortise) /əˈmɔːtaɪz/ verb [T]
► ACCOUNTING, TAX to spread the value or cost of an asset in accounts over a number of years: amortize sth over sth »
Companies use depreciation to amortize fixed assets over their usable life.
»The value of the machinery is amortized over its estimated useful life.
► to reduce a debt by paying small regular amounts: »
When asked what tolls would be required to amortize the payments under the contracts, he said the figures were astronomical.
amortization (UK also amortisation) /əˌmɔːtɪˈzeɪʃən/ US /æmˌɔːrṱə-/ noun [U]
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Costs before depreciation and amortisation jumped 45% in a single year.
Financial and business terms. 2012.