AMORTIZE


Meaning of AMORTIZE in English

v.tr. (also -ise) Commerce 1 gradually extinguish (a debt) by money regularly put aside.

2 gradually write off the initial cost of (assets).

3 transfer (land) to a corporation in mortmain.

Derivatives:

amortization n.

Etymology: ME f. OF amortir (stem amortiss-) ult. f. L ad to + mors mort- death

Oxford English vocab.      Оксфордский английский словарь.