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Also available:
World English Dictionary
Dictionnaire Français
amortize
am·or·tize
[
ámmər tz
]
(
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
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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