Monday, August 4, 2008

AMORTIZE

to pay off or reduce a debt gradually through periodic payments

"His hope to amortize the 100,000 dollars he owed Tom quickily vanished when he noticed the 400 pound collector was carrying a .45 caliber and a devilish grin."

"One way to pay off your school debts while having money to start a family is to amortize the debts."

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