amortize
verb [ T ]
(UK also amortise) uk/əˈmɔːtaɪz/ us ACCOUNTING, TAX
to 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 value of the machinery is amortized over its estimated useful life.
Compare
depreciate
to reduce a debt by paying small regular amounts:
When asked what tolls would be required to amortize the payments under the contracts, he said the figures were astronomical.
amortization
noun [ U ] ( UK also amortisation) uk/əˌmɔːtɪˈzeɪʃən/ us/æmˌɔːrṱə-/
Costs before depreciation and amortisation jumped 45% in a single year.