Admortisation Or Amortisation - Law Dictionary Search Results
Home Dictionary Name: admortisation or amortisationAdmortisation or amortisation
Admortisation or amortisation [fr. Amortissement, Fr.], (1) the alienation of lands or tenements into mortmain; (2) the redemption of debt by a sinking fund....
Amortisation
Amortisation, means the act or result of gradually extinguishing a debt, such as a mortgage, usually by contributing payment of principal each time a periodic interest payment is due, Black Law Dictionary, 7th Edn., p. 83...
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