adjective
- gradually paid off or written off over a period of time
Usage: finance; accounting
Examples
- The loan will be amortized over thirty years.
- Software development costs are amortized over several years.
- The company’s amortized expenses reduced their taxable income.
- Equipment purchases are typically amortized rather than expensed immediately.
- The amortized cost of the building appears on the balance sheet.
- Bond premiums must be amortized over the life of the bond.