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amortize |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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The 10-year loan amortizes on a 30-year schedule and
carries a fixed note rate of 6. Barbara's Outfitters capitalizes certain start-up
costs and fully amortizes those costs within the first year of
operations. The 10-year loan amortizes on a 30-year schedule and
carries a note rate of 5. |
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