Amortization or amortisation is the procedure of rising or accounting for, an amount over a period of time. The word comes from Middle English amortisen to kill, estrange in mortmain, from Anglo-French amorteser, change of amortir, from Vulgar Latin admortire to kill, from Latin ad- + mort-, mors death. Particular instances of the term include:
* Amortization (business), the allocation of a lump sum amount to different time periods, particularly for loans and other forms of finance, including related interest or other finance charges.
1. Amortization schedule, a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator.
2. Negative amortization, an amortization schedule where the loan amount actually increases through not paying the full interest
* Amortized analysis, analyzing the execution cost of algorithms over a sequence of operations.
* Amortization of capital expenditures of certain assets under accounting rules, particularly intangible assets, in a manner analogous to depreciation.
* Amortization (tax law)
Amortization is also used in the context of zoning regulations and describes the time in which a property owner has to relocate when the property's use constitutes a preexisting nonconforming use under zoning regulations.
reference - wikipedia.org
|< Prev||Next >|
Top Quality! The team here produces absolutely fantastic service which are forward thinking, top quality and amaze me every single time.
Professional, informative and swift service are essential when I am working with legal business. Again, the team fulfill all these points and provide even more. I am happy to be a continued Subscriber...