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
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French from
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Lat. ad, and mortem, to
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death) , literally an extinction or doing to
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death, a word formerly used of alienating lands in
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mortmain, and now for the paying off of a
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debt, particularly by means of a
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regular sinking-fund; thus "
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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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EUSEBIUS AMORT (1692-1775) 		[next]
THOMAS AMORY (c. 1691-1788)

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