AMORTIZATION

Amortization

In business, amortization refers to spreading payments over multiple periods. The term is used for two separate processes: amortization of loans and amortization of intangible assets.

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amortization

Noun

  1. The reduction of loan principal over a series of payments.
  2. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.


The above text is a snippet from Wiktionary: amortization
and as such is available under the Creative Commons Attribution/Share-Alike License.

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