Amortize/ˈæmərtaɪz/ Definition 1 of 2Pro Tip 1/3Financial Commitment Understanding 'amortize' suggests ongoing payments until a debt is cleared. They plan to amortize their car loan with monthly payments. Pro Tip 2/3Not Immediate 'Amortize' implies a gradual process, not paying all at once. You can't amortize your credit card debt in just one month. Pro Tip 3/3Time Frame The term often comes with a specific time period like years or months. Our business loan will be amortized over five years.