n. [ LL. amortisatio, admortizatio. See Amortize, and cf. Admortization. ] 1. (Law) The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain. [ 1913 Webster ]
2. The extinction of a debt, usually by means of a sinking fund; also, the money thus paid. Simmonds. [ 1913 Webster ]
v. t. [ 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. [ 1913 Webster ]
2. (Law) To alienate in mortmain, that is, to convey to a corporation. See Mortmain. [ 1913 Webster ]
3. To clear off or extinguish, as a debt, usually by means of a sinking fund. [ 1913 Webster ]
[なしくずし, nashikuzushi] (n) (1) paying back in installments (instalments); amortization plan; (adv) (2) gradual reduction; little by little [Add to Longdo]
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