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Longman Dictionary of Contemporary English
amortize
verb
EXAMPLES FROM CORPUS
▪ A new accounting standard allowed the thrifts to amortize the losses over the life of the loans.
▪ It will amortize the rest of the next five to fifteen years.
▪ Jaubert named a price and interest rate, assuming that the man would amortize the cost with a ten-year note.
The Collaborative International Dictionary
Amortize

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.

  2. (Law) To alienate in mortmain, that is, to convey to a corporation. See Mortmain.

  3. To clear off or extinguish, as a debt, usually by means of a sinking fund.

Douglas Harper's Etymology Dictionary
amortize

late 14c., from Old French amortiss-, present participle stem of amortir "deaden," from Vulgar Latin *admortire "to extinguish," from ad- "to" (see ad-) + mortus "dead," from Latin mors "death" (see mortal (adj.)). Originally a legal term for an act of alienating lands. Meaning "extinguish a debt" (in form amortization) is attested from 1824. Related: Amortized; amortizing.

Wiktionary
amortize

vb. 1 (context transitive English) To alienate (property) in mortmain. 2 (context transitive English) To wipe out (a debt, liability etc.) gradually or in installments. 3 (context transitive computer science English) To even out the costs of running an algorithm over many iterations, so that high-cost iterations are much less frequent than low-cost iterations, which lowers the average running time per iteration.

WordNet
amortize

v. liquidate gradually [syn: amortise]

Usage examples of "amortize".

Online advertising was supposed to amortize start-up and operational costs and lead to profitability even as it subsidized free access to costly content.

In fact, follow-on missions will amortize the costs we have already incurred and give us more value for the money we have already invested.

If we work it right, we'll not only be able to use it in the Dancer's act for the next few years, but we can amortize a goodly part of the cost by betting a few million credits on the Dancer.

Thus I was able to amortize my account, and I have elected to retire on the instant.

You can lease equipment, wouldn't have to amortize much, only the more expensive items.

You provide the machines but their cost is amortized over three years which'll mess up any cash flow and mean no profits for five years at least.

And amortized over three years -Jesusl A taxi swirled up, careless of the puddles.

Most of those built on the Sou'west Coast amortized their investment costs in the first three years of operation.

The Jap anese, who are now the world's major whalers, claim they cannot afford to stop killing whales until all their invest ments have been amortized and, even then, it would be economically wasteful not to continue to make use of their fleet and plant for whaling since most of it cannot be con verted to other uses.

The suits cost nearly a half billion credits apiece and were amortized by the Darhel over twenty years.

We expect the cost must be amortized over many decades of good business.

A lump sum, payable immediately, or a monthly payment, amortized at eleven and a half percent, adjustments to be made semiannually on the basis of the consumer price index.

Repair costs for malfunctions of mechanical fruit pickers amortized over the past ten years.

Granted, it would take a while to amortize the capital costs, but with a guaranteed market like the Pentagon, that was a sucker bet.