What is Amortization? Overview, Key Formulas, and Examples
Amortization is known as an accounting technique used to periodically reduce the book value of a loan or intangible asset across a set period. In relation to a loan, amortization concentrates on casting out loan payments over time. When applied to an asset, amortization is slightly similar to depreciation. Amortizing a loan provides predictable monthly …
What is Amortization? Overview, Key Formulas, and Examples Read More »
