Definition of Amortize

to the amount of a loan or debt by paying small payments over time

Examples of Amortize in a sentence

The businessman was able to amortize his building loan by paying monthly payments on the first and the 15th.  🔊

After putting down five thousand dollars on the car, the buyer decided to amortize the rest through small payments over two years.  🔊

If we amortize the debt over 24 months, we will have it paid off in two years.  🔊

The bankruptcy judge ordered the couple to amortize all debts and have them fully repaid within five years.  🔊

Though he couldn’t pay it all at once, the debtor was able to amortize his large loan and pay it back in increments.  🔊

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