amortize

Verb

Meaning

To make as if dead; to destroy.

To alienate in mortmain, that is, to convey to a corporation. See Mortmain.

To clear off or extinguish, as a debt, usually by means of a sinking fund.

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Examples

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity. Mark Zandi

There are certain economics involved in making a network TV show that you want to amortize the costs of that, so the more episodes you make, the cheaper they all are individually. Shawn Ryan

In cold climates it will cost only half as much to heat a well insulated building as it will cost to heat a poorly insulated one. ... the annual fuel saving will amortize in two years the addition cost expense of the insulation! Ken Kern

Following those 10 days, the city will amortize the principal amount over a 25-year term and interest will accrue on the outstanding balance. Source: Internet

On programs where initial production costs are high, such as aircraft programs, it does make sense to amortize costs over a wider number of productions than just on the few initial productions. Source: Internet

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