from The American Heritage® Dictionary of the English Language, 4th Edition
- transitive v. To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund.
- transitive v. To write off an expenditure for (office equipment, for example) by prorating over a certain period.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- v. To alienate (property) in mortmain.
- v. To wipe out (a debt, liability etc.) gradually or in installments.
from the GNU version of the Collaborative International Dictionary of English
- transitive v. To make as if dead; to destroy.
- transitive v. To alienate in mortmain, that is, to convey to a corporation. See Mortmain.
- transitive v. To clear off or extinguish, as a debt, usually by means of a sinking fund.
from The Century Dictionary and Cyclopedia
- . To make dead; deaden; destroy.
- In law, to alienate in mortmain, that is, to convey to a corporation, sole or aggregate, ecclesiastical or temporal, and their successors. See mortmain.
- To extinguish, as a debt, by means of a sinking-fund.
- To droop; hang as dead.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- v. liquidate gradually
Middle English amortisen, to alienate in mortmain, from Old French amortir, amortiss-, from Vulgar Latin *admortīre, to deaden : Latin ad-, ad- + Latin mors, mort-, death; see mer- in Indo-European roots.(American Heritage® Dictionary of the English Language, Fourth Edition)
From (the stem of) Middle French amortir ("to bring to death"), probably from Late Latin *admortīre, from Latin ad + mortem. (Wiktionary)