Amortizable
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 -sset) gradually.
old english law. to convey to a corporation or church group; alienate in mortmain.
verb (transitive)
(finance) to liquidate (a debt, mortgage, etc) by instalment payments or by periodic transfers to a sinking fund
to write off (a wasting -sset) by annual transfers to a sinking fund
(property law) (formerly) to transfer (lands, etc) in mortmain
v.
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.
Read Also:
- Amortized
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 -sset) gradually. old english law. to convey to a corporation or church group; alienate in mortmain. historical examples the fare just about amortized my travel […]
- Amosite
an asbestine variety of anthophyllite, rich in iron, formerly used as a heat-resistant material.
- Amoss' sign
amoss’ sign amoss’ sign a·moss’ sign (ā’məs) n. an indication of painful flexion of the spine in which it is necessary to support a sitting position by extending the arms behind the torso and placing its weight on the hands.
- Amount at risk
the difference between the reserve of a life-insurance policy and its face amount.
- Amount of substance
noun a measure of the number of ent-ties (atoms, molecules, ions, electrons, etc) present in a substance, expressed in moles