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📉amortize

verb
/ˈæmərˌtaɪz/
amortization amount

Meaning

To gradually reduce or pay off a debt with regular payments.

Example Sentences

They plan to amortize the mortgage over 20 years.

Synonyms

repay, reduce, liquidate, settle

Antonyms

borrow, accumulate

Collocations

amortize debt, amortize loan, amortize cost, amortize mortgage

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