English Lexicon

Amortise

/ˈɑː.mɔː.taɪz/
verbCEFR C1 (Advanced)Top #14500 frequency
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Comprehensive Definitions & Senses

2 senses
As verb
  1. 1

    To gradually write off the initial cost of an asset over a period.

    "The company decided to amortise the cost of the software license over five years."
  2. 2

    To gradually pay off a debt, such as a mortgage, by regular installments.

    "Monthly payments are structured to amortise the principal and interest simultaneously."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from Old French 'amortiss-', stem of 'amortir', from Late Latin 'ad-'(to) + 'mors'(death), meaning 'to bring to death' or 'kill'. Historically evolved in Anglo-French legal terminology to mean extinguishing a debt or transferring property to a corporation (mortmain), later shifting in modern finance to describe the gradual write-off or reduction of an asset or debt over a period.

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