Amortization ⭐ Official

This process spreads the cost of intangible assets (e.g., patents, trademarks, copyrights) over their useful life to align with when they generate revenue.

Helps borrowers visualize debt reduction and total interest costs over time. 2. Amortization in Accounting (Assets) amortization

An amortization schedule details the payment number, the interest/principal breakdown, and the remaining balance. This process spreads the cost of intangible assets (e