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   amortize

   /əˈmɔːtʌɪz/

   verb

   • 1. gradually write off the initial cost of (an asset) over a period: "the vessel's owners could not amortize her high capital costs"
   • ▪ reduce or pay off (a debt) with regular payments: "eighty per cent of the proceeds has been used to amortize the public debt"
   • ▪ transfer (land) to a corporation in mortmain: "lands amortized without licence"

   Word Origin late Middle English (in the senses ‘deaden’ and ‘transfer (land) to a corporation in mortmain’): from Old French amortiss-, lengthened stem of amortir, based on Latin ad ‘to, at’ + mors, mort- ‘death’.

   Scrabble Points: 19

   • A

     1

   • M

     3

   • O

     1

   • R

     1

   • T

     1

   • I

     1

   • Z

     10

   • E

     1

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