Defn: Same as Amortize, Amortization, etc.
AMORTIZABLE
A*mor"tiz*a*ble, a. Etym: [Cf. F. amortissable.]
Defn: Capable of being cleared off, as a debt.
AMORTIZATION
A*mor`ti*za"tion, n. Etym: [LL. amortisatio, admortizatio. See
Amortize, and cf. Admortization.]
1. (Law)
Defn: The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
2. The extinction of a debt, usually by means of a sinking fund; also, the money thus paid. Simmonds.
AMORTIZE
A*mor"tize, v. t. Etym: [OE. amortisen, LL. amortisare, admortizare,
F. amortir to sell in mortmain, to extinguish; L. ad + mors death.
See Mortmain].
1. To make as if dead; to destroy. [Obs.] Chaucer.
2. (Law)