[əˈmɔːtʌɪz], (Verb)

Definitions:
- gradually write off the initial cost of (an asset) over a period
(e.g: the vessel's owners could not amortize her high capital costs)


Phrases:

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’