amortizar
amortize
The Spanish word 'amortizar' translates to 'amortize' in English. The term relates to finance and economics, and it essentially means to gradually reduce or write off the initial cost of an asset. Typically, this is done through regular payments over a particular period of time. The idea is that, eventually, the full amount of the debt or loan will be paid off in full.
Example sentences using: amortizar
Voy a amortizar mi hipoteca en diez años.
I am going to pay off my mortgage in ten years.
This sentence demonstrates the use of 'amortizar' to express paying off a debt completely. In this context, the user is planning to fulfill their mortgage commitments in 10 years.
El banco ofrece diferentes planes para amortizar el préstamo.
The bank offers different plans to amortize the loan.
This instance shows the use of 'amortizar' in a context of banking or finance. Here, it is used to refer to the process of reducing the value of a loan by making structured, typically regular, payments.
Debes amortizar los costos de la educación universitaria para obtener un buen empleo.
You should amortize the costs of college education to get a good job.
This example showcases the usage of 'amortizar' in an informal, advice-giving context. Here, 'amortizar' refers metaphorically to recovering an investment (the cost of a college education) by securing a well-paying job.