amortize

[am-er-tahyz, uh-mawr-tahyz]
verb (used with object), amortized, amortizing.
1.
Finance.
a.
to liquidate or extinguish (a mortgage, debt, or other obligation), especially by periodic payments to the creditor or to a sinking fund.
b.
to write off a cost of (an asset) gradually.
2.
Old English Law. to convey to a corporation or church group; alienate in mortmain.
Also, especially British, amortise.


Origin:
1375–1425; Middle English amortisen < Anglo-French, Old French amortiss-, long stem of amortir literally, to kill, die < Vulgar Latin *a(d)mortīre (derivative of Latin mors, stem mort- death, with ad- ad-); -ize later replacing -is(s)-, probably by association with Anglo-Latin a(d)mortizāre

amortizable, adjective
nonamortizable, adjective
unamortized, adjective
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World English Dictionary
amortize or amortise (əˈmɔːtaɪz)
 
vb
1.  finance to liquidate (a debt, mortgage, etc) by instalment payments or by periodic transfers to a sinking fund
2.  to write off (a wasting asset) by annual transfers to a sinking fund
3.  property law (formerly) to transfer (lands, etc) in mortmain
 
[C14: from Medieval Latin admortizāre, from Old French amortir to reduce to the point of death, ultimately from Latin ad to + mors death]
 
amortise or amortise
 
vb
 
[C14: from Medieval Latin admortizāre, from Old French amortir to reduce to the point of death, ultimately from Latin ad to + mors death]
 
a'mortizable or amortise
 
adj
 
a'mortisable or amortise
 
adj

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

amortize
late 14c., from O.Fr. amortiss-, prp. stem of amortir "deaden," from V.L. *admortire "to extinguish," from L. ad- "to" + mors (gen. mortis) "death" (see mortal). Originally a legal term for an act of alienating lands. Meaning "extinguish a debt" (in form amortization) is attested from 1864.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Conventional mortgages have fixed rates and terms, with payments that amortize
  the debt by the end of the term.
Advertising on the blades would enable you to amortize the costs of getting
  clean renewable energy to supply your site.
Hopefully, some of the future plans will be dirt-cheap, allowing people to
  amortize the initial cost of the unlocked phone.
It also takes time to amortize the high cost of building a store.
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