A*mor`ti*za"tion (#), 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.
2.
The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.
Simmonds.
© Webster 1913.