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amortize

[ am-er-tahyz, uh-mawr-tahyz ]
/ 藞忙m 蓹r藢ta瑟z, 蓹藞m蓴r ta瑟z /
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verb (used with object), am路or路tized, am路or路tiz路ing.
Finance.
  1. to liquidate or extinguish (a mortgage, debt, or other obligation), especially by periodic payments to the creditor or to a sinking fund.
  2. to write off a cost of (an asset) gradually.
Old English Law. to convey to a corporation or church group; alienate in mortmain.
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Also especially British, am路or路tise .

Origin of amortize

1375鈥1425; Middle English amortisen<Anglo-French, Old French amortiss-, long stem of amortir literally, to kill, die <Vulgar Latin *a(d)mort墨re (derivative of Latin mors, stem mort- death, with ad-ad-); -ize later replacing -is(s)-, probably by association with Anglo-Latin a(d)mortiz膩re

OTHER WORDS FROM amortize

am路or路tiz路a路ble, adjectivenon路am路or路tiz路a路ble, adjectiveun路am路or路tized, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, 漏 Random House, Inc. 2022

British Dictionary definitions for amortize

amortize

amortise

/ (蓹藞m蓴藧ta瑟z) /

verb (tr)
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 amortize

amortizable or amortisable, adjective

Word Origin for amortize

C14: from Medieval Latin admortiz膩re, 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 漏 William Collins Sons & Co. Ltd. 1979, 1986 漏 HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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