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