Amortize

Concept of Amortize in the context of Real Property

A short definition of Amortize: To reduce a debt by regular payments of principal and interest. Modernly, the word has been qualified as fully amortized, partially amortized, and negatively amortized. See: Balloon Note; Straight Note; Negative Amortization.

Concept of Amortize in the context of Real Property

A short definition of Amortize: To reduce a debt by regular payments of principal and interest. Modernly, the word has been qualified as fully amortized, partially amortized, and negatively amortized. See: Balloon Note; Straight Note; Negative Amortization.

Grammar

This term is a verb.

Etimology of Amortize

(You may find amortize at the world legal encyclopedia and the etimology of more terms).

late 14c., from Old French amortiss-, present participle stem of amortir “deaden, kill, destroy; give up by right” (12c.), from Vulgar Latin *admortire “to extinguish,” from ad “to” (see ad-) + mortus “dead,” from Latin mors “death” (see mortal (adj.)). Originally in English in the literal sense “make dead,” also a legal term for an act of alienating lands. In reference to extinguishing a debt from early 19c. Related: Amortized; amortizing.