Able to be gradually paid off or written down in value over a period of time, usually referring to loans or assets.
From amortize + -able suffix. Amortize comes from Old French amortir, from Latin ad- (to) and mortis (death), meaning to pay off gradually until 'dead' or finished.
When a bank lends you money, they make it 'amortizable' by breaking your huge debt into tiny monthly payments—it's like turning a giant monster into a thousand mosquitoes.
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