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 or -tise
Verb
[-tizing, -tized] or -tising, -tised Finance to pay off (a debt) gradually by periodic transfers to a sinking fund [Latin ad to + mors death]
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