To amortize something, such as a mortgage, is to pay for it by making regular payments over a long period of time.
☰Thought of the Day
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
- Charles Renouvier, French philosopher, born in Montpellier, France (d. 1903)
- Benjamin Holt, American businessman (Holt Manufacturing; Caterpillar), and inventor (crawler-type tread tractor), born in Concord, New Hampshire (d. 1920)
- Pierre de Coubertin, French educator and historian (founder International Olympic Committee; President IOC 1896–1925), born in Paris, France (d. 1937)
- Jeanne Lanvin, French fashion designer and perfumer (Lavin), born in Paris, France (d. 1946)
- John C. Garand, Canadian-American designer of the M1 semi-automatic rifle, born in St. Rémi, Quebec (d. 1974)
- Century Milstead, American College Football Hall of Fame tackle (Yale; NFL C'ship 1927, NY Giants), born in Allegheny, Pennsylvania (d. 1963)
- Barry Goldwater, American politician (Senator-R-Arizona, 1953-65, 69-87) and 1964 presidential candidate (R), born in Phoenix, Arizona (d. 1998)
- Dana Andrews, American actor (Battle of the Bulge, Laura), born in Covington County, Mississippi (d. 1992)
- Ali al-Rida [Abū al-Ḥasan al-Thānī], 8th Imam of Twelver Shia Islam and descendant of the prophet Muhammad, born in Medina, Abbasid Caliphate (d. 818) [approximate birthdate]
- Franz von der Trenck, Austrian soldier whose unit is considered one of the worst in European history due to insubordination and plundering, born in Reggio di Calabria (d. 1749)
- John W. Goff, American lawyer and judge known for his part in the Catalpa Rescue, born in Gorey, Ireland (d. 1924)
- Anton Melik, Slovenian geographer and founder of the Anton Melik Geographical Institute (The Geography of Slovenia), born in Črna Vas, Austrio-Hungarian Empire (d. 1966)
- Gabriel Jarret, American actor (Real Genius, Apollo 13), born in Los Angeles, California
