Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Amortization

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. 2) Writing off an intangible asset investment over the projected life of the assets.
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Amortization Basis

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