or amortise ə'mɔ:tʌɪz
■ verb
1》 gradually write off the initial cost of (an asset) over a period.
↘reduce or pay off (a debt) with regular payments.
2》 historical transfer (land) to a corporation in mortmain.
Derivatives
amortization noun
Origin
ME: from OFr. amortiss- , amortir , based on L. ad 'to, at' + mors , mort- 'death'.