• Reducing the amount of a debt obligation by making periodic payments covering interest, and part of the principal.
  • The process of writing off or expensing the cost of intangible assets over a period of time, usually in years. Amortization of intangible assets vs depreciation of tangible assets. Intangible assets purchased, such as goodwill and covenants-not-to-compete, can be written off over 15 years.
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