Amortize (Am-or-tize)
To amortize is to pay off or reduce a debt, gradually, through periodic payments.
He used a table of amortization to analyze how and when the loan would be paid back.
(Sources: Mastering the Miller Analogies Test, Arco, 2006; http://psychcorp.pearsonassessments.com/haiweb/Cultures/en-US/site/Community/PostSecondary/Products/MAT/mathome.htm; http://www.merriam-webster.com/dictionary/amortize, http://ecx.images-amazon.com/images/I/514XmlBT-EL._BO2,204,203,200_PIsitb-sticker-arrow-click,TopRight,35,-76_AA300_SH20_OU01_.jpg)
Compiled for Patricia Ladensack by Otto Ladensack
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