amortization

[In Ger. amortisation; Sp. amortizacion; Port. amort is açac.] The act or the right of alienating lands in mortmain. "Every one of the religious orders was confirmed by one pope or other; and they made an especial provision for them after the laws of amortization were devised de and put in use by princes."- Ayliffe's Parergon Juris Can on ich a-mort-ize-měnt, s . [Fr. amorti ement = 1 (of debts), liquidation; 2 (finance), sinking; 3, redemption.) The same as AMORTIZATION (q.v.). (Johnson, .)