Amortization
From Open Risk Manual
Revision as of 20:45, 10 February 2020 by Wiki admin (talk | contribs)
Definition
Amortization. The process of reduction of debt or other costs through periodic charges to assets or liabilities, such as through principal payments on mortgages.
Amortization happens over a defined period of time.
See Also
- Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
