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amortize
[ am-er-tahyz, uh-mawr-tahyz ]
verb (used with object)
, am·or·tized, am·or·tiz·ing.
- Finance.
- to liquidate or extinguish (a mortgage, debt, or other obligation), especially by periodic payments to the creditor or to a sinking fund.
- to write off a cost of (an asset) gradually.
- Old English Law. to convey to a corporation or church group; alienate in mortmain.
amortize
/ əˈmɔːtaɪz /
verb
- finance to liquidate (a debt, mortgage, etc) by instalment payments or by periodic transfers to a sinking fund
- to write off (a wasting asset) by annual transfers to a sinking fund
- property law (formerly) to transfer (lands, etc) in mortmain
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Derived Forms
- aˈmortizable, adjective
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Other Words From
- amor·tiza·ble adjective
- non·amor·tiza·ble adjective
- un·amor·tized adjective
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Word History and Origins
Origin of amortize1
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
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Word History and Origins
Origin of amortize1
C14: from Medieval Latin admortizāre, from Old French amortir to reduce to the point of death, ultimately from Latin ad to + mors death
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