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amortize
amortize definition
am·or·tize (am′ər tīz′, ə môr′-)
transitive verb amortized -·tized′, amortizing -·tiz′·ing
- to put money aside at intervals, as in a sinking fund, for gradual payment of (a debt, etc.) either at or before maturity
- Accounting to write off (expenditures) by prorating over a fixed period
- Law to reduce, transfer, or sell (property) in mortmain
Etymology: ME amortisen < extended stem of OFr amortir, to extinguish, sell in mortmain (< ML amortire); or < ML amortizare; both ML forms < L ad, to + mors, death: see mortal
Related Forms:
- amortizable am′·or·tiz′·able adjective
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