Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- v. To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund.
- v. To write off an expenditure for (office equipment, for example) by prorating over a certain period.
Century Dictionary and Cyclopedia
- . To make dead; deaden; destroy.
- In law, to alienate in mortmain, that is, to convey to a corporation, sole or aggregate, ecclesiastical or temporal, and their successors. See mortmain.
- To extinguish, as a debt, by means of a sinking-fund.
- To droop; hang as dead.
Wiktionary
- v. transitive To alienate (property) in mortmain.
- v. transitive To wipe out (a debt, liability etc.) gradually or in installments.
GNU Webster's 1913
- v. obsolete To make as if dead; to destroy.
- v. (Law) To alienate in mortmain, that is, to convey to a corporation. See Mortmain.
- v. To clear off or extinguish, as a debt, usually by means of a sinking fund.
WordNet 3.0
- v. liquidate gradually
Etymologies
- From (the stem of) Middle French amortir ("to bring to death"), probably from Late Latin *admortīre, from Latin ad + mortem. (Wiktionary)
- Middle English amortisen, to alienate in mortmain, from Old French amortir, amortiss-, from Vulgar Latin *admortīre, to deaden : Latin ad-, ad- + Latin mors, mort-, death; see mer- in Indo-European roots. (American Heritage® Dictionary of the English Language, Fourth Edition)
Examples
“Her training group was being pressured to "leverage" or, in English, amortize the investment in the videoconference system.”
“The trouble for the Hyatt's owner, Rockwood Capital LLC, is that last December the hotel's mortgage started to amortize, meaning the hotel had to start paying not only interest but also a portion of the loan's principal.”
“The pilot process is a monstrous waste of time and money, stunningly inefficient an you say "amortize" kids?”
“That's also true of his plan to "amortize" sharply increased pension costs over a 10-year period - which will reduce a 52% annual increase in pension contributions to a still-whopping 33% increase.”
“The pay-as-you-go model of cloud computing, even though it can be more expensive in many instances, when you really kind of amortize the cost over many years, is something that's attractive to at least United States IT.”
“The appropriate response to this environment is for Congress to provide an additional two years over which these companies can amortize their 2007 and 2008 losses, with the first two years of this extended amortization period requiring only interest payments on the obligation.”
Sears Chairman Unleashes 15-Page Manifesto About Um, Everything - The Consumerist
“But that's blue collar career criminals, who can if need be amortize a few years of unexpected jail time as a cost of doing business, and return to the 'hood with no shame, and perhaps even increased stature.”
“The balloon may be squeezed differently over time, and insurers may amortize the cost differently over time, but eventually prices will find an equilibrium.”
“RECENT EXCERPT ABOUT REFINANCING: To find out your real potential savings from a refi make sure to ask your mortgage broker to amortize the new loan over the remaining period of your current loan.”
The Wall Street Journal: Keys to Making the Write Investments
“Have your broker amortize the new mortgage over 28 vs. 30 years to see an apples to apples comparison.”
The Wall Street Journal: Keys to Making the Write Investments
Lists
These user-created lists contain the word ‘amortize’.
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GRE 2014
abase, abate, abdicate, aberrant, abeyance, abhor, abjure, abortive, abound, abrasive, abreast, abridge and 1577 more...
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The Universal Calculator
Obviates the need for other devices or calculations--it will have a button for everything, and it will solve everything.
qwerty keyboard, shift key, control, home, end, pause, log, sin, space, enter, plus, numb and 241 more...
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GRE
droll, dyspeptic, ebullient, ardor, edify, efficacy, malinger, mannered, martinet, maudlin, mendacious, mendicant and 101 more...
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English words that came from French
I'm a French teacher, so these are always good to find
aerosol, epilepsy, odometer, fondant, luster, Caroline, angel, flageolet, retour, ambuscade, amortize
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man gre
abase, abeyance, abreast, abscission, abscond, abyss, accede, accretion, acerbic, acidulous, acumen, adulterate and 481 more...
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gre2
aberrant, aberration, aboveboard, abrasive, abstemious, acme, admonish, affable, affluent, alacrity, allegory, alleviate and 1824 more...
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quality words
This is a mix of new words I've read studying for the GRE verbal and words I use normally. I also check back on these words if I don't use them often enough.
ineffable, septuagenarian, sesquipedalian, argyle, coalescence, profundity, vivisepulture, defenestrate, concatenate, usurp, diatribe, veracious and 461 more...
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To Learn
enervate, redolent, distaff, approbation, arrogate, bonhomie, palliate, calumny, panoply, contumacious, edify, dyspeptic and 188 more...
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GRE list #2
FOM - cards - 1/2
abjure, abscond, abstemious, accretion, acidulous, acme, adulterate, aerie, affected, aggrandize, alacrity, mitigate and 221 more...
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SAT PSAT ALPHABETICAL A
abandon, abash, abate, abjure, ablution, abnegate, abominable, aboriginal, abortive, abrade, abridge, abrogate and 172 more...
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bintalshamsa's list
My Favorite Words
weltschmerz, perspicacity, idée fixe, invigilator, salubrious, tchotchke, ex nihilo, invidious, malapropism, naïve, sardonic, elide and 1401 more...
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newGRE
mostly from magoosh
imbue, verge on, nonchalant, deliberate, timorous, futile, provisional, dissect, checked, tinged, alluring, visionary and 1046 more...
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NTDW1
template, modal, sublingual, tandem, polycentric, septuagenarian, token, irrevocable, denotive, augural, aberrant, phlebotomy and 1188 more...
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Daily
Daily Vocab List
lull, pious, lurid, objurgate, insurgent, lewd, patio, onus, lampoon, geisha, larceny, maim and 206 more...
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My GRE
concomitant, mendacity, corollary, mandate, ascertain, exacerbate, substantiate, perennial, exemplify, hegemony, acrimonious, repertoire and 653 more...
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GRE
churlish, polemical, exaltation, docile, esoteric, panache, coercion, restitution, lugubrious, indefatigable, delimit, demarcate and 99 more...
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