amor·tize /'a-mər-ˌtīz, ə-'mȯr-/ vt -tized, -tiz·ing: to reduce (an amount) gradually: as
a: to pay off (as a loan) gradually usu. by periodic payments of principal and interest or payments to a sinking fund
b: to gradually reduce the cost of (as an asset) esp. for tax purposes by making periodic charges to income over a time span
amortize the machinery over five years see also depreciation compare capitalize, deduct
amor·ti·za·ble adj
amor·ti·za·tion /ˌa-mər-tə-'zā-shən, ə-ˌmȯr-/ n

Merriam-Webster’s Dictionary of Law. . 1996.

index discharge (pay a debt)

Burton's Legal Thesaurus. . 2006

To spread out the payment of a debt by periodically paying a portion of interest and capital; to pay off a debt such as a mortgage in installments; to write off the cost of an asset over time.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

1 To gradually extinguish a debt in advance of its maturity, usually by paying regular installments in excess of the accrued interest each time a periodic interest payment is due.
See also sinking fund.
2 To arrange to gradually extinguish a debt.
3 To apportion the initial cost of an intangible asset each year over the course of the asset's useful life until the entire cost has been used up.

Webster's New World Law Dictionary. . 2000.

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Look at other dictionaries:

  • amortize — a‧mor‧tize [əˈmɔːtaɪz ǁ ˈæmər ] also amortise verb [transitive] 1. ACCOUNTING to show the reduction in the value of an asset in a company s accounts over a period of time: • All acquisition expenses are amortized over 10 years …   Financial and business terms

  • Amortize — A*mor tize, v. t. [OE. amortisen, LL. amortisare, admortizare, F. amortir to sell in mortmain, to extinguish; L. ad + mors death. See {Mortmain}]. 1. To make as if dead; to destroy. [Obs.] Chaucer. [1913 Webster] 2. (Law) To alienate in mortmain …   The Collaborative International Dictionary of English

  • amortize — (v.) late 14c., from O.Fr. amortiss , prp. stem of amortir deaden, from V.L. *admortire to extinguish, from ad to (see AD (Cf. ad )) + mortus dead, from L. mors death (see MORTAL (Cf …   Etymology dictionary

  • amortize — (Amer.) a·mor·tize || É™ mɔːtaɪz v. settle a debt through periodic payments to a creditor or to a sinking fund; pay off a debt gradually, become depreciated (also amortise) …   English contemporary dictionary

  • amortize — (also amortise) ► VERB ▪ gradually write off (a cost) or reduce (a debt). DERIVATIVES amortization noun. ORIGIN Old French amortir, from Latin mors death …   English terms dictionary

  • amortize — [am′ər tīz΄, ə môr′tīz] vt. amortized, amortizing [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] 1. to put money… …   English World dictionary

  • amortize — transitive verb ( tized; tizing) Etymology: Middle English amortisen to kill, alienate in mortmain, from Anglo French amorteser, alteration of amortir, from Vulgar Latin *admortire to kill, from Latin ad + mort , mors death more at murder Date:… …   New Collegiate Dictionary

  • amortize — UK [əˈmɔː(r)taɪz] / US [ˈæmərˌtaɪz] verb [transitive] Word forms amortize : present tense I/you/we/they amortize he/she/it amortizes present participle amortizing past tense amortized past participle amortized business to pay back money that you… …   English dictionary

  • amortize — [[t]əmɔ͟ː(r)taɪz, AM æ̱mər [/t]] amortizes, amortizing, amortized VERB In finance, if you amortize a debt, you pay it back in regular payments. [TECHNICAL] [V n] There s little advantage to amortizing the loan, especially on a 30 or 40 year basis …   English dictionary

  • amortize — amortizable, adj. /am euhr tuyz , euh mawr tuyz/, v.t., amortized, amortizing. 1. Finance. a. to liquidate or extinguish (a mortgage, debt, or other obligation), esp. by periodic payments to the creditor or to a sinking fund. b. to write off a… …   Universalium

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