1. To extinguish (a debt) gradually, often by means of a sinking fund.
2. To arrange to extinguish (a debt) by gradual increments.
3. Hist. To alienate or convey lands to a corporation (that is, in mortmain). — Also spelled amortise. See MORTMAIN.
1. To extinguish (a debt) gradually, often by means of a sinking fund.
2. To arrange to extinguish (a debt) by gradual increments.
3. Hist. To alienate or convey lands to a corporation (that is, in mortmain). — Also spelled amortise. See MORTMAIN.