amortize /əˈmɔːtʌɪz / amortise

a

I. verb [with obj.]

1. gradually write off the initial cost of (an asset) over a period.

the vessel’s owners could not amortize her high capital costs.
2. reduce or pay off (a debt) with regular payments.

eighty per cent of the proceeds has been used to amortize the public debt.
3.
‹historical› transfer (land) to a corporation in mortmain.

lands amortized without licence.
II. derivatives

amortization /əmɔːtʌɪˈzeɪʃ(ə)n /
noun


– origin late Middle English (in the senses ‘deaden’ and ‘transfer (land) to a corporation in mortmain’): from Old French amortiss-, lengthened stem of amortir, based on Latin ad ‘to, at’ + mors, mort- ‘death’.

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