Amortize or Amortization
Barron's Business Dictionary:
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Amortize or Amortization
1. reduction of a debt by periodic charges to assets or liabilities, such as payments on mortgages.
2. in accounting statements, the systematic write-off of costs incurred to acquire an intangible asset, such as patents, copyrights, goodwill, organization, and expenses.
| Amortization Term, Amortization Schedule, Amicus Curiae | |
| Amortized Loan, Amount, Amount At Risk |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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