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What is an example of amortization?

Asked 3 years ago

What does it mean to amorize your cash flow?

Gareth Browne

Thursday, November 11, 2021

Amortization is an accounting system used to periodically lower the book value of a loan or an intangible asset over a set period of time. Concerning a loan, amortization focuses on spreading out loan payments over time. When applied to an asset, amortization is similar to depreciation. of assets such as patents, copyrights or other such things.

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