amortizing Definition
to gradually reduce or write off the cost or value of an asset over a period of time.
Using amortizing: Examples
Take a moment to familiarize yourself with how "amortizing" can be used in various situations through the following examples!
Example
The company is amortizing the cost of the new equipment over five years.
Example
The loan will be amortized over a period of 30 years.
Example
The value of the car will be fully amortized after five years.
amortizing Synonyms and Antonyms
Synonyms for amortizing
- depreciate
- devalue
- write off
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Summary: amortizing in Brief
'Amortizing' [uh-mawr-tahy-zing] refers to the gradual reduction or writing off of the cost or value of an asset over a period of time. This process is often used for loans or equipment, as in 'The loan will be amortized over a period of 30 years.' Synonyms include 'depreciate,' 'devalue,' and 'write off.'
