amortize etymology

Etymology:

  • French: amortir
  • Latin: ad (to) + *mortuus (dead)

Meaning:

To extinguish or pay off a debt or obligation gradually over time through periodic payments.

Origin:

The term "amortize" originates from the Latin phrase "ad mortem," which literally means "to the death." It was used in Roman law to describe the gradual repayment of a debt until it was extinguished.

Over time, the term became associated with the gradual reduction of any financial obligation, such as a mortgage or bond.

Usage:

  • Amortize a mortgage by making monthly payments
  • Amortize a loan over a period of 5 years
  • Amortize the cost of a capital expenditure over its useful life

amortize relate terms

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