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What does amortize mean?

Looking for the meaning or definition of the word amortize? Here's what it means.

Verb
  1. (transitive) To alienate (property) in mortmain.
  2. (transitive) To wipe out (a debt, liability etc.) gradually or in installments.
  3. (transitive, computer science) To even out the costs of running an algorithm over many iterations, so that high-cost iterations are much less frequent than low-cost iterations, which lowers the average running time per iteration.
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Examples
The Group will use the corridor method to amortize its actuarial losses and gains in its IFRS financial statements.
In the short run, it is made to appear sustainable in some degree by inflation, which causes a country to amortize its debts via interest rates.
The following year a sinking fund was established in an effort to amortize the debt.
To amortize that investment, it is desirable that a given facility be designed to serve for several ecosystem generations.
Because much of the outlay pays for property, plant, and equipment, most food chains amortize this cost over several years.
In 13 years, nobody has ever asked him to amortize the land we have used for parks.

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