AMORTIZE

By SovConn | August 18, 2014

amortize,vb.1.  To  extinguish  (a  debt)  gradually,  often  by  means  of  a  sinking  fund.  2.  To

arrange  to  extinguish  (a  debt)  by  gradual  increments.  3.Hist.  To  alienate  or  convey  lands  to  a

corporation (that is, in mortmain). — Also spelled amortise. See MORTMAIN. [Blacks Law 8th]

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