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Amortize

usgb/ˈæmərtaɪz/Volume
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LampPro Tip 1/3
Financial CommitmentPlay
Understanding 'amortize' suggests ongoing payments until a debt is cleared. SlideThey plan to amortize their car loan with monthly payments.
LampPro Tip 2/3
Not ImmediatePlay
'Amortize' implies a gradual process, not paying all at once. SlideYou can't amortize your credit card debt in just one month.
LampPro Tip 3/3
Time FramePlay
The term often comes with a specific time period like years or months. SlideOur business loan will be amortized over five years.