amortized

Definition

Use amortized in a sentence

The asset had been amortized for the life of the loan so the account required no further action by us.

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I wondered what was amortized, so I went to my friend who knew about that kind of thing and how to use it.

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"Don't worry about the additional ten grand you're going to pay on closing; we'll just get it amortized with the loan."

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startup costs amortization term