amortize
[ am-er-tahyz, uh-mawr-tahyz ]
/ ˈæm ərˌtaɪz, əˈmɔr taɪz /
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verb (used with object), am·or·tized, am·or·tiz·ing.
Finance.
- 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.
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Also especially British, am·or·tise .
Origin of amortize
OTHER WORDS FROM amortize
am·or·tiz·a·ble, adjectivenon·am·or·tiz·a·ble, adjectiveun·am·or·tized, adjectiveDictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
British Dictionary definitions for amortize
amortize
amortise
/ (əˈmɔːtaɪz) /
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, adjectiveWord 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
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