Word forms: 3rd person singular presenttense amortizes, present participle amortizing, past tense, past participle amortizedregional note: in BRIT, also use amortise
verb
In finance, if you amortize a debt, you pay it back in regular payments.
[business]
Business expenses had to be amortized over a 60 month period. [beVERB-ed]
amortize in British English
or amortise (əˈmɔːtaɪz)
verb(transitive)
1. finance
to liquidate (a debt, mortgage, etc) by instalment payments or by periodic transfers to a sinking fund
2.
to write off (a wasting asset) by annual transfers to a sinking fund
3. property law
(formerly) to transfer (lands, etc) in mortmain
Derived forms
amortizable (aˈmortizable) or amortisable (aˈmortisable)
adjective
Word origin
C14: from Medieval Latin admortizāre, from Old French amortir to reduce to the point of death, ultimately from Latin ad to + mors death
amortize in American English
(ˈæmərˌtaɪz; əˈmɔrtaɪz)
verb transitiveWord forms: ˈamorˌtized or ˈamorˌtizing
1.
to put money aside at intervals, as in a sinking fund, for gradual payment of (a debt, etc.) either at or before maturity
2. Accounting
to write off (expenditures) by prorating over a fixed period
3. Law
to reduce, transfer, or sell (property) in mortmain
Derived forms
amortizable (ˌamorˈtizable)
adjective
Word origin
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
amortize in Finance
(æmərtaɪz)
Word forms: (present) amortizes, (past) amortized, (perfect) amortized, (progressive) amortizing
verb
(Finance: General)
If you amortize a debt, you pay it back in regular payments.
There's little advantage to amortizing the loan, especially on a 30 or 40-year basis.
Although the premium is being earned gradually over the policy period, the initialacquisition and underwriting expenses cannot be amortized over the same period.
If you amortize a debt, you pay it back in regular payments.
Examples of 'amortize' in a sentence
amortize
Granted, it would take a while to amortize the capital costs, but with a guaranteed market like the Pentagon, that was a sucker bet.