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amortize
[am-er-tahyz, uh-mawr-tahyz]
verb (used with object)
Finance.
to liquidate or extinguish (a mortgage, debt, or other obligation), especially by periodic payments to the creditor or to a sinking fund.
to write off a cost of (an asset) gradually.
Old English Law.to convey to a corporation or church group; alienate in mortmain.
amortize
/ əˈɔːٲɪ /
verb
finance to liquidate (a debt, mortgage, etc) by instalment payments or by periodic transfers to a sinking fund
to write off (a wasting asset) by annual transfers to a sinking fund
property law (formerly) to transfer (lands, etc) in mortmain
Other Word Forms
- amortizable adjective
- nonamortizable adjective
- unamortized adjective
- ˈǰپ adjective
Word History and Origins
Origin of amortize1
Word History and Origins
Origin of amortize1
Example Sentences
The costs have been amortized over decades and proved to be totally worth the effort.
Many factors go into the price of the ticket, from the costs of gas and crew salaries — which have risen since the pandemic — to bigger-picture economics amortized over the course of an entire tour.
The sets, props and costumes cost around $1 million to produce, said Landmesser, a “not disproportionately large investment” shared by the Chicago and San Francisco companies and amortized through rentals.
"The concessionaire is getting another 35 years to manage that railway, thus he also has another 35 years to amortize the unamortized assets. So why is he deducting that sum from the concession payment?"
"It is concerning. You don’t want a big portfolio of negative amortizing mortgages," Rogers said.
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