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Webster 1913 Edition

Amortization

A-morˊti-za′tion

,
Noun.
[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.
2.
The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.
Simmonds.

Webster 1828 Edition

Amortization

AMORTIZA'TION

or AMORT'IZEMENT,
Noun.
The act or right of alienating lands or tenements to a corporation, which was considered formerly as transferring them to dead hands, as such alienations were mostly made to religious houses for superstitious uses.

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