Definition, Meaning & Synonyms
amortizar
verb
am-or-ti-zahr
Definition
To amortize means to gradually reduce a debt or financial obligation over time by making regular payments.
Examples
- It’s important to amortizar your loans regularly to avoid accumulating too much interest.
- Many homeowners choose to amortizar their mortgage over 30 years.
- He decided to amortizar his student loans aggressively to be debt-free sooner.
Meaning
The process of paying off a debt through scheduled payments, which can include both the principal amount and interest.
Synonyms
- pay off
- repay
- liquidate