amortization Definition

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amortization

Definition 1
The gradual elimination of a liability, such as a mortgage, in regular payments over a specified period of time. Such payments must be sufficient to cover both principal and interest.

Definition 2
Writing off an intangible asset investment over the projected life of the assets.

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'amortization' appears in the definitions of these other terms on BusinessDictionary.com

level payment mortgage, amortized cost, operating cash flow, cash flows from operating activities, pre-tax debt service coverage, and

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