Definition of amortization

• n. - The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
• n. - The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.
• n. - The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
• n. - The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.