amortize


am·or·tize

verb \ˈa-mər-ˌtīz also ə-ˈmr-\

business : to pay money that is owed for something (such as a mortgage) by making regular payments over a long period of time

am·or·tizedam·or·tiz·ing

Full Definition of AMORTIZE

transitive verb
1
:  to pay off (as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund
2
:  to gradually reduce or write off the cost or value of (as an asset) <amortize goodwill> <amortize machinery>
am·or·tiz·able \-ˌtī-zə-bəl\ adjective

Origin of AMORTIZE

Middle English amortisen to kill, alienate in mortmain, from Anglo-French amorteser, alteration of amortir, from Vulgar Latin *admortire to kill, from Latin ad- + mort-, mors death — more at murder
First Known Use: 1867

Other Business Terms

caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

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