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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.

Definition 2024

amortization

amortization

English

Alternative forms

Noun

amortization ‎(countable and uncountable, plural amortizations)

  1. The reduction of loan principal over a series of payments.
  2. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.

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