Amortize (verb)

  1. To pay off (a debt) gradually over time through regular payments.
  2. To write off the value of an asset gradually over a period of time.

Origin:

Late 17th century, from french amortir, from latin amortire (to kill), from ad- (to) + mortuus (dead).

Examples:

  1. The company amortized the cost of the new equipment over 5 years.
  2. We need to amortize the loan over a period of 20 years.
  3. The company amortized the cost of the building over a period of 30 years.
  4. Amortizing the loan will help the company with its cash flow.
  5. The company will amortize the cost of the software over a period of 3 years.
Some random words: holey, homer, phantasm