Topic: What does amortization actually mean?
Anonymous A started this discussion 6 years ago #89,091
Insert Simpsons faceAnonymous B joined in and replied with this 6 years ago, 3 minutes later[^] [v] #1,017,805
Fake anon !ZkUt8arUCU joined in and replied with this 6 years ago, 17 minutes later, 21 minutes after the original post[^] [v] #1,017,809
Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time. The term "amortization" can refer to two situations. First, amortization is used in the process of paying off debt through regular principal and interest payments over time. An amortization schedule is used to reduce the current balance on a loan, for example a mortgage or car loan, through installment payments. Second, amortization can also refer to the spreading out of capital expenses related to intangible assets over a specific duration – usually over the asset's useful life – for accounting and tax purposes.
Sheila LaBoof joined in and replied with this 6 years ago, 16 minutes later, 37 minutes after the original post[^] [v] #1,017,819
it's when you pay back debt according to a calculated schedule of payments, you extinguish the debt
Merriam-Webster:
When you amortize a loan, you "kill it off" gradually by paying it down in installments. This is reflected in the word's etymology. Amortize derives via Middle English and Anglo-French from Vulgar Latin admortire, meaning "to kill." The Latin noun mors ("death") is a root of "admortire"; it is related to our word murder, and it also gave us a word naming a kind of loan that is usually amortized: "mortgage." "Amortize" carries a different meaning in the field of corporate finance, where it means to depreciate the cost or value of an asset (as, for example, to reduce interest revenue on that asset for tax purposes).
Merriam-Webster:
When you amortize a loan, you "kill it off" gradually by paying it down in installments. This is reflected in the word's etymology. Amortize derives via Middle English and Anglo-French from Vulgar Latin admortire, meaning "to kill." The Latin noun mors ("death") is a root of "admortire"; it is related to our word murder, and it also gave us a word naming a kind of loan that is usually amortized: "mortgage." "Amortize" carries a different meaning in the field of corporate finance, where it means to depreciate the cost or value of an asset (as, for example, to reduce interest revenue on that asset for tax purposes).
Anonymous E joined in and replied with this 6 years ago, 3 hours later, 3 hours after the original post[^] [v] #1,017,882
I was hoping it had something to do with turning people into shambling undead minions. :(
Anonymous F joined in and replied with this 6 years ago, 20 hours later, 23 hours after the original post[^] [v] #1,018,128
@1,017,809 (Fake anon !ZkUt8arUCU)
https://www.investopedia.com/terms/a/amortization.asp
Copying and pasting is COPYRIGHT INFRINGEMENT ?
https://www.investopedia.com/terms/a/amortization.asp
Copying and pasting is COPYRIGHT INFRINGEMENT ?