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.
Gold Star Membership fee is $55 per 12-month period from the date of enrollment. This entitles the primary member to one personalized membership card and Spouse card, available to a spouse or a family member 18 years of age or older living at the same address. Each primary member may name up to 6 secondary cardholders for $55 each and corresponding Spouse cardholders at no additional cost.