Definitions

1. verb

to pay off or recover the cost of something, especially a debt or an investment, gradually over a period of time

“The company will amortise the cost of the new equipment over five years.”

2. noun

the act of paying off or recovering the cost of something, especially a debt or an investment, gradually over a period of time

“The amortisation of the mortgage will be finished within a decade.”

3. verb

to reduce or eliminate a liability, such as a debt or a loss, gradually

“The company will amortise its losses and return to profitability within two years.”