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Definition of Amorteze

A*mor"tize (&?;), v. t. [OE. amortisen, LL. amortisare, admortizare, F. amortir to sell in mortmain, to extinguish; L. ad + mors death. See Mortmain]. 1. To make as if dead; to destroy. [Obs.] Chaucer.

2. (Law) To alienate in mortmain, that is, to convey to a corporation. See Mortmain.

3. To clear off or extinguish, as a debt, usually by means of a sinking fund.

- Webster's Unabridged Dictionary (1913)

  • To decrease an amount gradually or in installments, especially in order to write off an expenditure or liquidate a debt.
- The Nuttall Encyclopedia

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