Verb amortise Definition and Examples


Verb:

amortise

Definition as verb:

Alternative form of amortize

More definition:


1.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.

2.Old English Law. to convey to a corporation or church group; alienate in mortmain.

1. (finance) to liquidate (a debt, mortgage, etc) by instalment payments or by periodic transfers to a sinking fund

2. to write off (a wasting asset) by annual transfers to a sinking fund

3. (property law) (formerly) to transfer (lands, etc) in mortmain Derived Formsamortizable, amortisable, adjective Word OriginC14, from Medieval Latin admortizāre, from Old French amortir to reduce to the point of death, ultimately from Latin ad to + mors deathCollins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollinsPublishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012 Cite This Source
chiefly British English spelling of amortize; for suffix, see -ize. Related, Amortised; amortising.
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 182

4. Related, Amortized; amortizing.

Examples:

The annual expenses of the board include £35,000 for cable repairs and reserve and a fixed payment to the National Debt Commissioners of £77,544 as sinking fund to amortise capital expenditure in fifty years.



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