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

Browse

Next Word in the Dictionary: amortizement
Previous Word in the Dictionary: amortization
All Words Near: amortize

Seen & Heard

What made you want to look up amortize? Please tell us where you read or heard it (including the quote, if possible).

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More