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Amortized Loan Chart

Amortized Loan Chart - It is comparable to the depreciation of tangible assets. The meaning of amortize is to pay off (an obligation, such as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund. In accounting, amortization refers to the process of expensing an intangible asset's value over its useful life. These payments are typically made up of both principal and interest. Amortization is a process of paying off a loan over time through regular payments. Depreciation involves expensing a fixed asset as it's used to reflect its. To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund. To write off an expenditure for (an asset, especially an intangible one, such as a patent) by. Past simple and past participle of amortize 2. Amortization is the practice of spreading an intangible asset's cost over that asset's useful life.

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