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What (who) is amortization - definition
WIKIMEDIA DISAMBIGUATION PAGE
Amortize; Amortisation; Amortizing; Amortised; Amortization (disambiguation)
Amortization
·noun The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.
II. Amortization ·noun The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
amortization
n. a periodic payment plan to pay a debt in which the interest and a portion of the principal are included in each payment by an established mathematical formula. Most commonly it is used on a real property loan or financing of an automobile or other purchase. By figuring the interest on the declining principal and the number of years of the loan, the monthly payments are averaged and determined. Since the main portion of the early payments is interest, the principal does not decline rapidly until the latter stages of the loan term. If the amortization leaves a principal balance at the close of the time for repayment, this final lump sum is called a "balloon" payment.
See also: promissory note
Amortization
Amortization (or amortisation; ) is paying off an owed amount over time by making planned, incremental payments of principal and interest. To amortize a loan means "to kill it off".
Wikipedia
Amortization
Amortization or amortisation may refer to:
- The process by which loan principal decreases over the life of an amortizing loan
- Amortization (accounting), the expensing of acquisition cost minus the residual value of intangible assets in a systematic manner, or the completion of such a process
- Amortization (tax law), the cost recovery system for intangible property
- Amortized analysis, a method of analysing execution cost of algorithms
- Amortization (zoning), the time period a non-conforming property has to conform to a new zoning classification before the non-conforming use becomes prohibited
Examples of use of amortization
1. Earnings before interest, tax, depreciation and amortization rose to $1.2 billion from $785 million.
2. Earnings before interest, tax, depreciation and amortization rose to $2.0' billion.
3. Earnings before interest, taxation, depreciation and amortization (EBITDA) gained 68 percent to $53.8 million.
4. Earnings before interest, taxation, depreciation and amortization were $355.5 million, up 164.5 percent.
5. Fourth–quarter operating income before depreciation and amortization, or OIBDA, rose 46 percent to $'2.8 million.