Definition

Able to be gradually paid off or reduced over time, usually in relation to a debt or financial obligation.

Example

The loan is amortizable, meaning it can be paid back in regular installments over several years.

Conversation

I just found out that some loans are amortizable over time.

Really? That sounds interesting! How does that work?

Well, it means you can gradually pay them off instead of all at once.

That makes sense! It’s nice to have options like that.

Synonyms & Antonyms

Root Explanation

Amortizable is formed from "amortir" (from Old French, meaning to kill or extinguish) and the suffix "-able" (meaning capable of). The word refers to something that can be extinguished or paid off over time, particularly in financial contexts.

Memory Tip

Think of 'extinguishing' a debt or obligation over time, as 'amortizable' means something that can be paid off or settled.

Visually Confused Words