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verb (used with object), -tized, -tiz·ing.
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, am·or·tise.
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
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
Related forms
am·or·tiz·a·ble, adjective
non·am·or·tiz·a·ble, adjective
un·am·or·tized, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source
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Amortize
is a GRE word you need to know.
So is foist. Does it mean:
| to force upon or impose fraudulently or unjustifiably |
| crudely or tastelessly colorful, showy, or elaborate |
Example Sentences
- Conventional mortgages have fixed rates and terms, with payments that amortize the debt by the end of the term.
- If they get more money, they will amortize debts or save.
- Advertising on the blades would enable you to amortize the costs of getting clean renewable energy to supply your site.
Collins
World English Dictionary
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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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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