amortize

Meanings

• Verb

  To allocate a cost or expense over a period of time, especially the cost of buying an asset or intangible good.

  - "The company amortizes the cost of research and development over five years."
  - "The mortgage payment includes both principal and interest, which is amortized over the life of the loan."

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Pronunciation

1. /əˈmɔɹtaɪz/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=11546273"

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Antonyms

accrue

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Rhymes

Words rhyming with amortize
normalize , organize , hormalize

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Variants

List of all variants of amortize that leads to same result
amortizable , amortize , amortized , amortizes , amortizing

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Etymology

origin and the way in which meanings have changed throughout history.

From Latin amortizare, from amor 'love' + mortis 'death', probably because the process of amortization reduces the value of an asset over time.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Amortization is often used in the context of real estate, where the cost of improving a property is spread over the life of the mortgage.

2. Amortization is an important concept in financial modeling and forecasting.

3. The term 'amortize' comes from Latin, meaning 'to kill' or 'to put an end to'. However, in the context of finance, it has a completely different meaning.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Capitalization: Capitalization and amortization are related concepts in accounting. Capitalization refers to the process of recording an expense as an asset, while amortization refers to the process of allocating the cost of an asset over its useful life.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Amortization is a common financial concept used in accounting and business. It allows businesses and individuals to spread the cost of large expenses over time, making it easier to manage cash flow.

How to Memorize "amortize"

1. visualize
   

   - Visualize the process of paying off a loan or an asset over time. Imagine each payment as a small piece that goes towards reducing the overall cost.

2. associate
   

   - Associate the word 'amortize' with the concept of spreading costs over time.

3. mnemonics
   

   - Use the mnemonic 'Amortize means allocate, over time, a cost' to remember the meaning of the word.

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