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amount  in  controversy.The  damages  claimed  or  relief  demanded  by  the  injured  party  in  a lawsuit. • For a federal court to have diversity jurisdiction, the amount in controversy must exceed $75,000.  28  USCA  §  1332(a). —  Also  termed  jurisdictional  amount;  matter  in  controversy.  See DIVERSITY  OF  CITIZENSHIP  ;  AGGREGATION  DOCTRINE.  [Cases:  Courts    119,  167; Federal…

amotion. 1. A turning out, as the eviction of a tenant or the removal of a person from office. [Cases:  Landlord  and  Tenant    275;  Officers  and  Public  Employees    70.  C.J.S.  Landlord  and Tenant  §§  716–718,  724; Officers and  Public  Employees§  175.]  2.  The  common-law  procedure available  to  shareholders  to  remove  a  corporate  director  for  cause. …

amortizement. See AMORTIZATION. [Blacks Law 8th]

amortized mortgage.See MORTGAGE. [Blacks Law 8th]

amortized loan.See LOAN. [Blacks Law 8th]

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]

amortization  schedule.A  schedule  of  periodic  payments  of  interest  and  principal  owed  on  a debt obligation; specif., a loan schedule showing both the amount of principal and interest that is due at regular intervals over the loan term and the remaining unpaid principal balance after each scheduled payment is made. [Blacks Law 8th]

amortization reserve.See RESERVE. [Blacks Law 8th]

amortization  (am-<<schwa>>r-t<<schwa>>-zay-sh<<schwa>>n),  n.1.  The  act  or  result  of gradually  extinguishing  a  debt,  such  as  a  mortgage,  usu.  by  contributing  payments  of  principal each time a periodic interest payment is due. negative amortization.An increase in a loan’s principal balance caused by monthly payments insufficient to pay accruing interest. 2. The act or result of apportioning the…

a  morte  testatoris  (ay  mor-tee  tes-t<<schwa>>-tor-is).  [Latin]  Hist.  From  the  death  of  the testator. • The phrase appeared in reference to the moment when a legacy vests in the beneficiary. [Blacks Law 8th]