What does AMORT mean?

Amort

Parts of Speech: verb

Definition: to gradually reduce or write off a debt with regular payments

Pronunciations: US: /əˈmɔrt/, UK: /əˈmɔːt/

Origin and Usage: The word "amort" comes from the Old French word "amortir" which means "to kill". In English, it has been used since the 15th century to describe the process of gradually reducing or writing off a debt with regular payments. It is often used in the context of mortgages and loans.

Synonyms: pay off, liquidate, settle, clear, discharge

Related Words: morat, molar, moral, motor, mucus

Example Sentences:

• He decided to amortize his mortgage over a period of 30 years.
• The company has been amortizing its debt for the past five years.
• Amortizing a loan can help reduce the overall interest paid.