The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

AMORTIZATION Definition & Legal Meaning

Definition & Citations:

An alienation of lands or tenements in mortmain. The reduction of the property of lands or tenements to mortmain. In Its modern sense, amortization is the operation of paying off bonds, stock, or other indebtedness of a state or corporation. Sweet.

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