amortize definition - Dictionary

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amortization of premium

amortize

amortized value

Amos

amotivational syndrome

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amortize

am·or·tize [ ámmər tz ] (past and past participle am·or·tized, present participle am·or·tiz·ing, 3rd person present singular am·or·tiz·es)

transitive verb

Definition:

1. reduce debt by installments: to reduce a debt by making payments against the principal balance in installments or regular transfers

2. write off cost of asset: to write off the cost of an asset over a period of time in a statement of accounts

3. transfer property: to transfer land or other assets to an ecclesiastical body ( archaic )

[14th century. Via French amortiss- "alienate in mortmain" < assumed Vulgar Latin admortire "deaden" < Latin mort- "death"]

am·or·tiz·a·ble adjective

am·or·ti·za·tion [ àmmərti záysh'n ] noun

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