[ am-er-tahyz, uh-mawr-tahyz ]
/ ˈæm ərˌtaɪz, əˈmɔr taɪz /
verb (used with object), am·or·tized, am·or·tiz·ing.
- 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.
BEAT THE DOLDRUMS WITH THIS WORD OF THE DAY QUIZ!
We know you’ll tackle this quiz totis viribus! See how many words from the week of Oct 12–18, 2020 you get right!
Question 1 of 7
What does “Indigenous” mean?
Also especially British, am·or·tise .
Origin of amortize
OTHER WORDS FROM amortizeam·or·tiz·a·ble, adjectivenon·am·or·tiz·a·ble, adjectiveun·am·or·tized, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for amortize
/ (əˈmɔːtaɪz) /
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
Derived forms of amortizeamortizable or amortisable, adjective
Word Origin for amortize
C14: from Medieval Latin admortizāre, from Old French amortir to reduce to the point of death, ultimately from Latin ad to + mors death
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012