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
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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
At the lower rate the income stream of coupons falls short of amortizing the
  face value of the bond.
All of our contracts are fully amortizing with substantially equal monthly
  installments.
If you get a lease for business property, you recover the cost by amortizing it
  over the term of the lease.
Loans can be fully amortizing, based on cash flow, deferred for a period of
  time or a hybrid of these types.
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