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amortize

[am-er-tahyz, uh-mawr-tahyz]
verb (used with object), am·or·tized, am·or·tiz·ing.
  1. 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.
  2. Old English Law. to convey to a corporation or church group; alienate in mortmain.
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Also especially British, am·or·tise.

Origin of amortize

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 formsam·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. 2018

Examples from the Web for amortized

Historical Examples of amortized

  • What we pay you will have to be amortized over a period of years.

    Damned If You Don't

    Gordon Randall Garrett

  • The fare just about amortized my travel allowance for the entire week.


British Dictionary definitions for amortized

amortize

amortise

verb (tr)
  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
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Derived Formsamortizable 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

Word Origin and History for amortized

amortize

v.

late 14c., from Old French amortiss-, present participle stem of amortir "deaden," from Vulgar Latin *admortire "to extinguish," from ad- "to" (see ad-) + mortus "dead," from Latin mors "death" (see mortal (adj.)). Originally a legal term for an act of alienating lands. Meaning "extinguish a debt" (in form amortization) is attested from 1824. Related: Amortized; amortizing.

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Online Etymology Dictionary, © 2010 Douglas Harper