What is the meaning of Amortize?

To pay off a loan by monthly installments over a specified time. Each payment is divided into the principal repayment and the interest fee.

Barry Goldsmith
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APABarry Goldsmith. (2010). amortize. Retrieved September 20, 2026, from http://smartdefine.org/amortize/definitions/1147599
ChicagoBarry Goldsmith. 2010. "amortize" http://smartdefine.org/amortize/definitions/1147599 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, amortize, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/amortize/definitions/1147599>.
MLABarry Goldsmith. "amortize" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/amortize/definitions/1147599>
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