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Amortization

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

Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)

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