Amortize

Pronunciation: /ˈæmərˌtaɪz/

Definitions of amortize

verb to gradually reduce or write off the cost or value of an asset over a period of time

Example Sentences

A1 I amortize my car loan by making monthly payments.

A2 She plans to amortize the cost of the new equipment over five years.

B1 The company decided to amortize the expenses over the next quarter.

B2 In order to reduce taxes, he chose to amortize the investment over a longer period.

C1 The financial advisor recommended amortizing the mortgage to lower the interest payments.

C2 The business owner strategically amortized the assets to maximize profits in the long run.

Examples of amortize in a Sentence

formal The company plans to amortize the cost of the new equipment over the next five years.

informal I'm going to amortize the cost of my new laptop by using it for work.

slang I'll just spread out the payments to amortize the cost of the car.

figurative She tried to amortize the emotional impact of the breakup by focusing on her career.

Grammatical Forms of amortize

• past tense: amortized
• plural: amortize
• present tense: amortize
• future tense: will amortize
• perfect tense: has amortized
• continuous tense: amortizing
• singular: amortize
• positive degree: amortize
• infinitive: to amortize
• gerund: amortizing
• participle: amortized

Origin and Evolution of amortize

First Known Use: 1250 year

Language of Origin: Old French

Story behind the word: The word 'amortize' originated from the Old French word 'amortiss-', derived from the Latin word 'ad' (to) + 'mortuus' (dead).

Evolution of the word: Originally used in the context of paying off a debt over a period of time, the meaning of 'amortize' has evolved to also include the gradual reduction of an intangible asset's value on a balance sheet.