Definitions for: Amortize

[v] liquidate gradually

Webster (1913) Definition: 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.

Synonyms: amortise

See Also: liquidate, pay off

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