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From Middle English amortisen (“to kill, alienate in mortmain”), from Anglo-Norman amorteser, alteration of Old French amortir, from Vulgar Latin *admortire (“to kill”), from Latin ad- and mors, mortem (“death”).
- The reduction of loan principal over a series of payments.
- The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
the reduction of loan principal over a series of payments
process of distributing asset cost