AMORTIZE


Meaning of AMORTIZE in English

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'.

Concise Oxford English vocab.      Сжатый оксфордский словарь английского языка.