Amortization
Amortization ({not transcribed}) , noun
[Late Latin amortisatio, admortizatio. See Amortize, and compare 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