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amortization
(redirected from amortize)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
amortization,
n a generic term that includes various specific practices, such as depreciation, depletion, write-off of intangibles, prepaid expenses, and deferred charges.

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The first three years are interest only, while the last two years amortize over a 30-year period.
deduct organizational expenses equal to the lesser of such expenses or $5,000 reduced by the organizational expenses that exceed $50,000, (2) and to amortize the remainder over 180 months.
If the benefits of the asset will continue indefinitely, it has an indefinite useful life and the company should not amortize it.
 
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