Noun Admortization Definition and Examples


Noun:

Admortization

Pronunciation:

/ədˌmɔːtʌɪˈzeɪʃn/

Definition:
1.

noun

The extinction of a debt or any pecuniary liability, especially by means of a sinking fund.
    ((n.) The reducing or lands or tenements to mortmain. See Mortmain.)


    Origin:
    Mid 18th century (in an earlier sense). Variant or alteration of amortization, probably originally after either post-classical Latin admortization-, admortizatio, variant of amortizatio, or Middle French admortisation, admortization.

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