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amortize

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
am·or·tize  (mr-tz, -môr-)
tr.v. am·or·tized, am·or·tiz·ing, am·or·tiz·es
1. To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund.
2. To write off an expenditure for (office equipment, for example) by prorating over a certain period.

[Middle English amortisen, to alienate in mortmain, from Old French amortir, amortiss-, from Vulgar Latin *admortre, to deaden : Latin ad-, ad- + Latin mors, mort-, death; see mer- in Indo-European roots.]

amor·tiza·ble adj.

amortize, amortise [əˈmɔːtaɪz]
vb (tr)
1. (Economics, Accounting & Finance / Banking & Finance) Finance to liquidate (a debt, mortgage, etc.) by instalment payments or by periodic transfers to a sinking fund
2. (Economics, Accounting & Finance / Accounting & Book-keeping) to write off (a wasting asset) by annual transfers to a sinking fund
3. (Law) Property law (formerly) to transfer (lands, etc.) in mortmain
[from Medieval Latin admortizāre, from Old French amortir to reduce to the point of death, ultimately from Latin ad to + mors death]
amortizable , amortisable adj
ThesaurusLegend:  Synonyms Related Words Antonyms
Verb1.amortize - liquidate gradually
liquidate, pay off - eliminate by paying off (debts)
Translations
amortize [əˈmɔːtaɪz] VTamortizar
amortize [əˈmɔːrtaɪz] amortise (British) vt (= pay off) [+ debt, cost, expenses] → amortir
amortize
vt debtamortisieren, tilgen; costsamortisieren


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? Mentioned in ? References in periodicals archive
 
The first three years are interest only, while the last two years amortize over a 30-year period.
deduct organizational expenses equal to the lesser of such expenses or $5,000 reduced by the organizational expenses that exceed $50,000, (2) and to amortize the remainder over 180 months.
If the benefits of the asset will continue indefinitely, it has an indefinite useful life and the company should not amortize it.
 
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