Meaning of amortize
Pronunciation: (am'ur-tīz", u-môr'tīz), [key]
— -tized, -tiz•ing.
- to liquidate or extinguish (a mortgage, debt, or other obligation), esp. by periodic payments to the creditor or to a sinking fund.
- to write off a cost of (an asset) gradually.
- to convey to a corporation or church group; alienate in mortmain.
- amortize (Thesaurus)