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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The correct Spelling of this word is: Amortize
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