amortized. 1  transitive verb. 2  1 : to pay off (an obligation, such as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund amortize a loan. 3  2 : to gradually reduce or write off the cost or value of (something, such as an asset) amortize goodwill amortize machinery.
Q: How much does it cost to join CAP? A: The initial cost is $67.00 (2 checks- $35 & $32 made payable to Civil Air Patrol). Thereafter there are annual NY Wing dues of $32 and LI Group dues of $15. Q: What is the process for joining as a Cadet? A: Attend 3 Squadron meetings to determine if CAP is for you.
The annual cost can vary depending on how long you sign up for. As of May 2011, you can sign up for 1 year, 3 years, or 5 years. One year of membership costs $16.00. Three years of membership would cost $43.00 (or $14.33 per year). Finally five years of membership would cost $63.00 (or $12.60 per year).