non-amortisable
|non-a-mor-ti-sa-ble|
🇺🇸
/ˌnɑːn əˈmɔːr.təˌzaɪ.zə.bəl/
🇬🇧
/ˌnɒn əˈmɔː.tɪ.zə.bəl/
not subject to amortization
Etymology
'non-amortisable' originates from Latin and Old French, specifically the word 'non' from Latin 'non' meaning 'not', and Old French 'amortir' from Latin 'ad-' ('toward') + 'mors/mort-' ('death'), with the suffix '-able' meaning 'capable of'.
'amortir' transformed into the Middle English and Anglo-French forms 'amortise/amortyse', and eventually became the modern English verb 'amortise' in British English; combined with the negative prefix 'non-' to form the modern adjective 'non-amortisable'.
Initially, 'amortise' meant 'to deaden or extinguish (a debt)', which evolved into 'to reduce or write off gradually'; prefixed with 'non-', it came to mean 'not subject to amortization'.
Meanings by Part of Speech
Adjective 1
not eligible or intended to be amortized for accounting or tax purposes (e.g., certain intangible assets).
Under IFRS, goodwill is generally treated as non-amortisable and tested for impairment instead.
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Adjective 2
of a loan or debt structure: having no scheduled reduction of principal over the payment period; the balance is not amortized.
The note is non-amortisable, with interest-only payments and a bullet repayment at maturity.
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Last updated: 2025/08/10 00:37