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amortize

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
amortize [′am·ər‚tīz]
(industrial engineering)
To reduce gradually an obligation, such as a mortgage, by periodically paying a part of the principal as well as the interest.
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The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.
Arbor Commercial Funding, LLC by Real Estate Weekly
After the initial period expires, the mortgage switches to a payment that starts to amortize the principal.
Goodbye amortization? A new crop of mortgage products surging in ... by England, Robert Stowe / Mortgage Banking
Regulations require a taxpayer to file an election to amortize start-up expenditures no later than the due date for the tax year in which the trade or business begins.
Organization costs and start-up costs amortized over 15 years by Rohrs, Jane / The Tax Adviser
 
 
 
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