To gradually reduce and write off the cost of an asset in a company's accounts over a period of time.

late 14c., from Old French amortiss-, present participle stem of amortir "deaden," from Vulgar Latin *admortire "to extinguish," from ad- "to" (see ad-) + mortus "de [..]

Pay a debt in monthly or other periodic installments until the total amount, along with the interest, if any, is paid.

An accounting term to denote a gradual reduction in debt by systematically paying a part of the principal and the interest over a period of time. A mortgage is an example of an amortized debt.

Definition see amortization.

tized -tiz·ing : to reduce (an amount) gradually: as a : to pay off (as a loan) gradually usually by periodic payments of principal and interest or payments to a sinking fund b : to gradually ...

Amortize means

To extinguish the balance of a fee, loan, or other financial obligation by periodic payments to the creditor.

(v) liquidate gradually

The method of paying down the principal of a loan over a period of time. In a traditional 30 year loan the amount of the loan is repaid, or amortized, with payments that also include interest over 30 [..]

To repay a mortgage with regular payments, both the principal due and the interest.

to charge a regular portion of an expenditure over a fixed period of time. For example if something cost $100 and is to be amortized over ten years, the financial reports will show an expense of $10 p [..]

To pay off a loan in regular installments over the loan's established term.

Literally, to kill off, to make dead in business, it means to put money aside at intervals in order to provide in advance of maturity for the payment of a debt.

To reduce debt by regular periodic payments that include amounts applicable to principal and interest.

To reduce a debt by means of regular periodic payments that include amounts applicable to both principal and interest.

To repay a loan with regular payments that cover both principal and interest.