am·or·tize ( m  r-t z , -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 *admort re, to deaden : Latin ad-, ad- + Latin mors, mort-, death; see mer- in Indo-European roots.]am or·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
amortize - liquidate gradually Translations
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