Verb. From the medieval Latin admortizare, something like to slowly induce death to a debt. It is a word used in business and it means to recover or compensate the funds invested, and to redeem or extinguish the capital of a loan or other debt. E.g.: Este factor permite amortizar los costes de compra en un tiempo mínimo: As a result, the cost of acquisition pays for itself in a very short time.
The noun is la amortización and in a balance sheet it also means depreciation. dc
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