A‐mor′ti‐za″tion (�), n. [LL. amortisatio, admortizatio. See Amortize, and cf. Admortization.] 1. (Law) The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
2. The extinction of a debt, usually by means of a sinking fund; also, the money thus paid. Simmonds.