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
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To amortized
Collins
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
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
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
Cite This Source
Example sentences
It paid-in fact, it was essential-to sell in volume, because that's how many of
  those costs got amortized.
Technology advances means that the hardware is amortized, at best, over a
  three-year schedule.
Then they would have inflation expectation at the point where an amortized
  benefit runs out as a guesstimate to tightening.
Once the price of the conversion is amortized, though, diesel ought to be more
  profitable.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature