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. Also, writing off an intangible asset investment over the projected life of the assets.
AMORTIZATION
Meaning of AMORTIZATION in English
Raynet Business and Marketing English glossary. Английский глоссарий компании Raynet Business and Marketing . 2012