Amortize
by CarolineIn the new Esquire, Ben Affleck uses a word I’ve never seen before.
amortize: 1: to pay off (as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund; 2: to gradually reduce or write off the cost or value of (as an asset) amortize goodwill, amortize machinery
one response
take an accounting class, you’ll learn about loan amortization and discounting