This is spreading a loss out over a fixed period. It has two meanings: 1) the breakdown of your payment between interest and the amount you owe when you have a mortgage 2) For Boss Bitches, this comes into play when you talk about depreciating something in your business that’s intangible (copyrights, patents, intellectual property, franchise rights) on your taxes evenly over the time you expected to use it for but didn’t (because it wasn’t as valuable as you thought). For example, “In order to pay off the enormous debt she incurred securing a patent for making dresses for alpacas (for which she realized there was zero market), Nicole will amortize her loss over the next few years.” This means she’ll pay off those losses piece by piece, a little bit each month, instead of covering the loss all at once— way less painful to her bottom line. You will hear it used as part of (it’s the “A”) the acronym EBITDA. (See also: EBITDA)
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