amortization
Gradual loan reduction
Amortization is the gradual paying off of a debt through regular installments that cover both principal and interest: a thirty-year amortization.
In accounting, amortization spreads the cost of an intangible asset over its useful life, much as depreciation does for physical assets.
The verb is amortize.
Asset value reduction over time
- principalChief school administrator
- interestAttention, stake, or fee
- loanBorrowed money repaid later
- installmentPeriodic partial payment
ledger · balance · assets · liabilities · equity · expenses · capital · bookkeeping
Chief school administrator
- interestAttention, stake, or fee
- paymentFulfilling a financial obligation
- installmentPeriodic partial payment
- borrowerOne who takes temporarily
lender · debt · repayment · refinance · term · balance · monthly · fixed-rate
Horizontal furniture surface
- calendarDate-tracking system
- timelineOrdered display of events
- termFixed period or word
- monthlyOccurring each lunar cycle
breakdown · calculation · period · sequence · spreadsheet · chart · projection · formula
Things beyond physical grasp
- goodwillKindly, generous spirit
- patentsExclusive rights to inventions
- trademarksProtected commercial identifiers
- copyrightsLegal ownership of creations
licenses · franchises · software · impairment · write-down · acquisition · depletion · allocation
depreciation
Asset value reduction over time
installment · ledger · balance · assets · liabilities · equity · expenses · capital · bookkeeping · fiscal
principal
Chief school administrator
- interestAttention, stake, or fee
- paymentFulfilling a financial obligation
- installmentPeriodic partial payment
borrower · lender · debt · repayment · refinance · term · balance · monthly · fixed-rate · adjustable-rate
table
Horizontal furniture surface
monthly · breakdown · calculation · period · sequence · spreadsheet · chart · projection · formula · cumulative
intangibles
Things beyond physical grasp
- goodwillKindly, generous spirit
- patentsExclusive rights to inventions
- trademarksProtected commercial identifiers
copyrights · licenses · franchises · software · impairment · write-down · acquisition · depletion · allocation
- IP valuationintangible assets, fair market value, licensing fees, discounted cash flow, remaining life
- bankingbank, banks, ATM, ATMs, account
- business financeaccounting, balance sheet, revenue stream, profit margin, budget
- debtdebt, creditor, owe, debtor, lender
- financial termswealth, asset, currency, balance sheet, audit
- personal financesavings, income, credit, investments, bills
amortizationlump-sum payment
Full amount paid immediately
balloon payment · single payment · one-time payment · lump sum · full payment