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AMORTIZATION (derived through the Fre...

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Originally appearing in Volume V01, Page 877 of the 1911 Encyclopedia Britannica.
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AMORTIZATION (derived through the See also:French from See also:Lat. ad, and mortem, to See also:death) , literally an extinction or doing to death, a word formerly used of alienating lands in See also:mortmain, and now for the paying off of a See also:debt, particularly by means of a See also:regular sinking-fund; thus " amortization " and " amortization fund " generally refer to the latter method of extinguishing some pecuniary liability.

End of Article: AMORTIZATION (derived through the French from Lat. ad, and mortem, to death)

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