amortise
Pay off incrementally
Amortise is the British spelling of amortize.
To amortise a debt or loan is to pay it off gradually through regular payments that cover both principal and interest over a set period.
In accounting, amortise also means to write off the cost of an intangible asset—like a patent or trademark—over its useful life.
The company will amortise the software development costs over five years.
Borrowed money repaid later
- principalChief school administrator
- interestAttention, stake, or fee
- repaymentGiving back what's owed
- debtMoney owed another
installment · creditor · borrower · lender · annuity · equity · capital · liability
Item of value owned
- valueImportance or price
- declineDecrease or refuse
- wearCarry on person
- deteriorationProcess of declining quality
diminish · degrade · reduce · writedown · impairment · obsolescence · goodwill · intangible
Divide and deliver
- allocateDesignate for specific use
- apportionDivide into portions
- prorateDistribute by fair shares
- defrayPay part of costs
stagger · extend · disperse · disburse · portion · partition · phase · increment
Money given for obligations
- termFixed period or word
- periodicityRecurring at regular intervals
- maturityFull growth achieved
- timelineOrdered display of events
projection · outstanding · due · calculator · monthly · quarterly · annually · balloon
loan
Borrowed money repaid later
debt · installment · creditor · borrower · lender · annuity · equity · capital · liability · asset
asset
Item of value owned
deterioration · diminish · degrade · reduce · writedown · impairment · obsolescence · goodwill · intangible · residual
distribute
Divide and deliver
defray · stagger · extend · disperse · disburse · portion · partition · phase · increment · gradual
payments
Money given for obligations
- termFixed period or word
- periodicityRecurring at regular intervals
- maturityFull growth achieved
timeline · projection · outstanding · due · calculator · monthly · quarterly · annually · balloon · prepayment
amortisepay in full
lump-sum payment · balloon payment · one-time payment · prepay · redeem
amortization, amortize, amortized, amortizing, amortizes, amortising, amortised, amortisation