Amortization Definition - Business Communication Words
Paying off debt through installments. Sometimes by extensive formulas, or simply sliced up even. The process is also often used to calculate usage and depreciation on assets as well.
"Mortgage Lenders are having a lot of trouble from what might seem profitable: negative amortization."
"Takeovers may be more on the rise now that goodwill amortization has been done away with."
"With the recession, many companies are taking a closer look at the amortization of their debt."
"MSW landfills are using amortization to calculate future closures now, as required by law."
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