Amortization

n.	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.

Noun	1.	amortization - the reduction of the value of an asset by prorating its cost over a period of years Synonyms: amortisation
	2.	amortization - payment of an obligation in a series of installments or transfers Synonyms: amortisation

AMORTIZATION, contracts, English law. An alienation of lands or tenements in mortmain. 2 Stat. Ed. I.
     2. The reduction of the property of lands or tenements to mortmain.

abalienation, acquitment, acquittal, acquittance, alienation, amortizement, assignation, assignment, bargain and sale, barter, bequeathal, binder, cash, cash payment, cession, clearance, conferment, conferral, consignation, consignment, conveyance, conveyancing, debt service, deeding, defrayal, defrayment, deliverance, delivery, demise, deposit, disbursal, discharge, disposal, disposition, doling out, down payment, earnest, earnest money, enfeoffment, exchange, giving, hire purchase, hire purchase plan, installment, installment plan, interest payment, lease and release, liquidation, monthly payments, never-never, paying, paying off, paying out, paying up, payment, payment in kind, payoff, prepayment, quarterly payments, quittance, regular payments, remittance, retirement, sale, satisfaction, settlement, settling, sinking-fund payment, spot cash, surrender, trading, transfer, transference, transmission, transmittal, vesting, weekly payments