amortize

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amortize

formerly, in the law of property, to transfer lands in MORTMAIN.
References in periodicals archive ?
The seven-year loan amortizes on a 30-year schedule.
The nine-year DUS fixed-to-floating rate loan amortizes over 30 years.
A cursory review of more than 150 public company financial statements that disclose information on start-up costs reveals that almost two-thirds capitalize and amortize some start-up costs while the rest expense all start-up costs as incurred.
The seven-year loan has two years interest only and then amortizes on a 30-year schedule.