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Accounting > Amortization

The following information is about Amortization.

Amortization Defined

1. is the gradual reduction of a debt by means of equal periodic payments sufficient to meet current interest and liquidate the debt at maturity. When the debt involves real propertyoften the periodic payments include a sum sufficient to pay taxes and hazard insurance on the property. 2. is the process of spreading the cost of an intangible asset over the expected useful life of the asset. For example: a company pays $100,000 for a patentthey amortize the cost over the 16 year useful life of the patent. 3. the deduction of capital expenses over a specific period of time. Similar to depreciationit is a method of measuring the "consumption" of the value of long-term assets like equipment or buildings.

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Off-site Amortization Links, User Submitted

The following links have been collected through user bookmark submission in the Amortization category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.

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  • Early Loan Payoff Calculator - Loan Amortization Calculator: You can save a remarkable amount of money simply by paying off your auto loan early! You can make extra payments, you can pay a little extra each month, the way you do it is up to you. Use the loan payoff calculator below to find out how much you can save!
  • Car Payment Calculator - Auto Payment Calculator: At AutoPaymentCal culators.com, all we do is calculate! Find the auto payment calculator you're looking for -- it's easy, educational, and free. The site features lease, loan, milage, and other calculators, and most include loan amortization schedules so that you can see the interest and principal you'll pay.

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Off-site Amortization Research Links

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