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amortize |
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amortize [′am·ər‚tīz] (industrial engineering) To reduce gradually an obligation, such as a mortgage, by periodically paying a part of the principal as well as the interest. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Under UK GAAP, WPP amortises a number of
acquisitions where the life of the goodwill is determined to be finite. The latter amortises over six
annual instalments, but would become payable in full upon the occurrence
of a sale. Adecco amortises goodwill over its estimated life of
five years. |
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