amortise
/ˈæmərˌtaɪz/
verb
- To gradually pay off a debt over a period of time through regular payments.
- She decided to amortise the mortgage by making monthly payments.
- The company plans to amortise its loan over ten years.
- They amortised the car loan with equal installments every month.
- To gradually write off the initial cost of an asset over its useful life.
- Businesses often amortise software development costs to spread out expenses.
- They amortised the patent's value over its legal life.
- The accountant will amortise the cost of the new machinery over five years.