amortize Meaning, Definition & Usage

  1. verb liquidate gradually
    amortise.

WordNet

A*mor"tize transitive verb
Etymology
OE. amortisen, LL. amortisare, admortizare, F. amortir to sell in mortmain, to extinguish; L. ad + mors death. See Mortmain
Definitions
  1. To make as if dead; to destroy. Obs. Chaucer.
  2. (Law) To alienate in mortmain, that is, to convey to a corporation. See Mortmain.
  3. To clear off or extinguish, as a debt, usually by means of a sinking fund.

Webster 1913