Amortize

v. settle a debt through periodic payments to a creditor or to a sinking fund; pay off a debt gradually, become depreciated (also amortise)

Amortization or amortisation is the process of decreasing or accounting for an amount over a period of time. Particular instances of the term include:Amortization (business), the allocation of a lump sum amount to different time periods, particularly for loans and other forms of finance, including related interest or other finance charges.Amortization schedule, a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator.Negative amortization, an amortization schedule where the loan amount actually increases through not paying the full interestAmortized analysis, analyzing the execution cost of algorithms over a sequence of operations.Amortization of capital expenditures of certain assets under accounting rules, particularly intangible assets, in a manner analogous to depreciation. Amortization is also used in the context of zoning regulations and describes the time in which a property owner has to relocate when the property's use constitutes a preexisting nonconforming use under zoning regulations.
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Verb
1. liquidate gradually
(synonym) amortise
(hypernym) liquidate, pay off
(derivation) amortization, amortisation

v. pay in installments; amortise

(v. t.)
To make as if dead; to destroy.
  

(v. t.)
To clear off or extinguish, as a debt, usually by means of a sinking fund.
  

(v. t.)
To alienate in mortmain, that is, to convey to a corporation. See Mortmain.