Terms Beginning With 'a'

Amortization

  • January 29, 2020
  • Team Kalkine

Amortization is an accounting methodology used to adjust the book value of a loan or an `intangible asset periodically, by spreading payments over multiple periods.

Amortization could be used to pay off the loan via regular payments involving the principal amount and the interest on it. Amortization is also used to split the expenses related to intangible assets owned by a firm during the useful life of the asset.

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