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amortize

Amortize means to put money aside or to repay a debt over time or to deduct costs over time. (verb)

  1. To make mortgage payments is an example of amortize.
  2. To take a tax deduction for the purchase of business equipment over several years is an example of amortize.

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See amortize in Webster's New World College Dictionary

See amortize in American Heritage Dictionary 4

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