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Amortize Definition & Meaning - Merriam-Webster
Webtransitive verb. 1. : to pay off (an obligation, such as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund. amortize a loan. 2. : to gradually reduce or write off the cost or value of (something, such as an asset) amortize goodwill. amortize machinery.
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Amortize Definition & Meaning | Dictionary.com
Webamortize. [ am-er-tahyz, uh- mawr-tahyz ] verb (used with object), am·or·tized, am·or·tiz·ing. Finance. to liquidate or extinguish (a mortgage, debt, or other obligation), especially by …
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AMORTIZE | definition in the Cambridge English Dictionary
Webto spread the value or cost of an asset in accounts over a number of years: amortize sth over sth Companies use depreciation to amortize fixed assets over their usable life. The …
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AMORTIZE | English meaning - Cambridge Dictionary
Webto take a cost, for example the cost of something bought for a business, away from the amount of tax that is paid, in small amounts over a period of time: The value of the …
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What Is an Amortization Schedule? How to Calculate with Formula
WebMay 18, 2023 · Amortization is a technique of gradually reducing an account balance over time. When amortizing loans, a gradually escalating portion of the monthly debt payment is applied to the principal.
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Amortize - definition of amortize by The Free Dictionary
Web1. To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund. 2. To write off an expenditure for (an asset, especially an intangible one, such as a patent) by prorating over a certain period, usually the …
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Amortization Definition & Meaning - Merriam-Webster
Webnoun. am· or· ti· za· tion ˌa-mər-tə-ˈzā-shən. also ə-ˌmȯr-. 1. : the act or process of amortizing. 2. : the result of amortizing.
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Amortize - Definition, Meaning & Synonyms | Vocabulary.com
Webamortized; amortizing; amortizes. To amortize is to gradually pay off a debt. A bank will help you amortize a loan so that you can make a monthly payment until you've paid …
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amortize verb - Definition, pictures, pronunciation and usage …
Webpast participle amortized. /əˈmɔːtaɪzd/. /ˈæmərtaɪzd/. -ing form amortizing. /əˈmɔːtaɪzɪŋ/. /ˈæmərtaɪzɪŋ/. amortize something to pay back a debt by making small regular payments over a period of time. Word Origin.
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Amortize definition and meaning | Collins English Dictionary
WebMay 22, 2023 · amortize in American English. (ˈæmərˌtaiz, əˈmɔrtaiz) transitive verb Word forms: -tized, -tizing. 1. Finance. a. to liquidate or extinguish (a mortgage, debt, or other obligation ), esp. by periodic payments to the creditor or to a sinking fund. b. to write off a cost of (an asset) gradually.
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Amortize Definition & Meaning | Britannica Dictionary
WebBritannica Dictionary definition of AMORTIZE. [+ object] business. : to pay money that is owed for something (such as a mortgage) by making regular payments over a long period of time.
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Amortization vs. Depreciation: What's the Difference? - Investopedia
WebApr 24, 2023 · Amortization is the practice of spreading an intangible asset's cost over that asset's useful life. Depreciation is the expensing a fixed asset as it is used to reflect its anticipated...
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Amortize Definition & Meaning | YourDictionary
WebTo put money aside at intervals, as in a sinking fund, for gradual payment of (a debt, etc.) either at or before maturity. To write off an expenditure for (an asset, especially an …
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What Is Amortization? - The Balance
WebMay 10, 2022 · Amortization is the way loan payments are applied to certain types of loans. Typically, the monthly payment remains the same, and it's divided among interest costs (what your lender gets paid for the loan), reducing your loan balance (also known as "paying off the loan principal"), and other expenses like property taxes.
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Amortize definition — AccountingTools
WebJul 2, 2022 · To amortize is the process of writing off the book value of an asset over its useful life. The term is most commonly applied to intangible assets . Amortization is usually conducted on a straight-line basis, with no acceleration of the write-off in the earlier periods of an asset’s useful life.
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Amortize financial definition of amortize - Financial Dictionary
Web1. A tax deduction for the gradual consumption of the value of an asset, especially an intangible asset. For example, if a company spends $1 million on a patent that expires in 10 years, it amortizes the expense by deducting $100,000 from its taxable income over the course of 10 years.
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Amortization - Definition, Amortization of Loan and Assets
WebSep 9, 2019 · What is Amortization? Amortization refers to the process of paying off a debt through scheduled, pre-determined installments that include principal and interest. In almost every area where the term amortization is applicable, the payments are made in the form of principal and interest.
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What Is Mortgage Amortization? - NerdWallet
WebApr 18, 2019 · Mortgage amortization definition. Amortization is a repayment feature of loans with equal monthly payments and a fixed end date. Mortgages are amortized, and so are auto loans. Monthly mortgage ...
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