AMORTIZED

Verb

amortized

simple past tense and past participle of amortize

Source: Wiktionary

AMORTIZE

A*mor"tize, v. t. Etym: [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)

Definition: 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.

Source: Webster’s Unabridged Dictionary 1913 Edition

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