Amortize meaning

ămər-tīz, ə-môr-
The definition of amortize means to put money aside or to repay a debt over time or to deduct costs over time.

To make mortgage payments is an example of amortize.

To take a tax deduction for the purchase of business equipment over several years is an example of amortize.

verb
0
0
To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund.
verb
0
0
To write off an expenditure for (an asset, especially an intangible one, such as a patent) by prorating over a certain period, usually the expected duration of the asset's benefit.
verb
0
0
To put money aside at intervals, as in a sinking fund, for gradual payment of (a debt, etc.) either at or before maturity.
verb
0
0
(accounting) To write off (expenditures) by prorating over a fixed period.
verb
0
0
Advertisement
(law) To reduce, transfer, or sell (property) in mortmain.
verb
0
0
To gradually extinguish a debt in advance of its maturity, usually by paying regular installments in excess of the accrued interest each time a periodic interest payment is due. See also sinking fund.
verb
0
0
To arrange to gradually extinguish a debt.
verb
0
0
To apportion the initial cost of an intangible asset each year over the course of the asset’s useful life until the entire cost has been used up.
verb
0
0
To alienate (property) in mortmain.
verb
0
0
Advertisement
To wipe out (a debt, liability etc.) gradually or in installments.
verb
0
0
(computer science) To even out the costs of running an algorithm over many iterations, so that high-cost iterations are much less frequent than low-cost iterations, which lowers the average running time per iteration.
verb
0
0

Origin of amortize

  • Middle English amortisen to alienate in mortmain from Old French amortir amortiss- from Vulgar Latin admortīre to deaden Latin ad- ad- Latin mors mort- death mer- in Indo-European roots

    From American Heritage Dictionary of the English Language, 5th Edition

  • From (the stem of) Middle French amortir (“to bring to death”), probably from Late Latin *admortīre, from Latin ad + mortem.

    From Wiktionary