Question

amortize For tax purposes, they chose to amortize most of the business's start-up costs over a three-year period. ˈæmərˌtaɪz

Accepted Answer

To pay off (something such as a mortgage) by making small payments over a period of time. Amortize is most common as a legal term, and many of us first come across it when we take out a mortgage or start a business. Financial officers and tax lawyers can choose how to legally amortize various types of business expenses, some of which may seem much better than others. In mortgage amortization, much of what you pay month by month is actually interest on the mortgage debt, especially at the beginning. So what does amortizing have to do with death? Basically, to amortize a debt means to “kill” it slowly over time.

word	amortize
definition	To pay off (something such as a mortgage) by making small payments over a period of time.
eg_sentence	For tax purposes, they chose to amortize most of the business's start-up costs over a three-year period.
explanation	Amortize is most common as a legal term, and many of us first come across it when we take out a mortgage or start a business. Financial officers and tax lawyers can choose how to legally amortize various types of business expenses, some of which may seem much better than others. In mortgage amortization, much of what you pay month by month is actually interest on the mortgage debt, especially at the beginning. So what does amortizing have to do with death? Basically, to amortize a debt means to “kill” it slowly over time.
IPA	ˈæmərˌtaɪz

Amortize Mortgage Pay Time Tax Month Making Small