Definition

Referring to an amount that has not yet been gradually reduced or paid off over time.

Example

The company reported a significant amount of unamortized expenses on its balance sheet.

Conversation

Have you ever heard of the term unamortized?

Yeah, I think it relates to loans or payments, right?

Exactly! It refers to the amount that hasn’t been paid off yet.

That makes sense; I guess it’s important to keep track of those details.

Synonyms & Antonyms

Root Explanation

Unamortized → It is formed from "un-" (meaning not) and "amortize" (from Latin "amortizare", meaning to kill or extinguish). The word "unamortized" means not yet extinguished or not yet paid off, particularly in financial contexts.

Memory Tip

Think of 'not' ('un-') having to do with 'extinguishing' or 'paying off' ('amortize'). This helps you remember that 'unamortized' refers to something that has not yet been fully paid off.

Visually Confused Words