Most home loans are paid over 30 years, but the lender also offers an option to amortize mortgages over 15 years. The payments are lower on the 30-year loan, but less interest is paid on the 15-year loan and if you don’t refinance, it’s paid off twice as fast.
It dispensed with all those bothersome little acts of daily courage; it offered hope and grace to the repetitive coward; it justified the past while amortizing the future.
Tim O’Brien -- The Things They Carried
We won’t get to amortize the hard efforts we’ve put in so far.
Randy Pausch -- The Last Lecture
I’ll admit, my shareholders screamed about amortizing the plants over fifty years.
John Ringo -- Live Free or Die
In conference with the salesman, it was agreed that she would pay three dollars down and three dollars a month until the cost was amortized.
Russell Baker -- Growing Up
Although he paid for the computer this year, the IRS requires him to amortize the expense over five years.