Online Encyclopedia

AMORTIZATION (derived through the Fre...

Online Encyclopedia
Originally appearing in Volume V01, Page 877 of the 1911 Encyclopedia Britannica.
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AMORTIZATION (derived through the French from Lat. ad, and mortem, to death), literally an extinction or doing to death, a word formerly used of alienating lands in mortmain, and now for the paying off of a debt, particularly by means of a regular sinking-fund; thus " amortization " and " amortization fund " generally refer to the latter method of extinguishing some pecuniary liability.
End of Article: AMORTIZATION (derived through the French from Lat. ad, and mortem, to death)
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