amortising

Meanings

• noun

  The process of allocating the cost of an intangible asset or an asset's impairment over its useful life.

  - "The company amortises the cost of research and development over several years."
  - "Amortising an asset allows businesses to recognize the expense evenly over its useful life."

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Antonyms

accrue

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Variants

List of all variants of amortising that leads to same result
amortizable , amortize , amortized , amortizes , amortizing

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Etymology

origin and the way in which meanings have changed throughout history.

Derived from the Latin word 'amortizare,' meaning 'to make dead,' reflecting the concept of writing off or expensing an asset over its useful life.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Amortising is often used interchangeably with the term 'amortization,' although technically, amortisation is the process of writing off an intangible asset, while amortization refers to the process of writing off a tangible asset.

2. Amortising is an important concept in financial modeling, particularly when valuing intangible assets, such as intellectual property.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Depreciation: A process of allocating the cost of a tangible asset over its useful life.

2. Intangible assets: Assets that do not have a physical form, such as patents, copyrights, and goodwill.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Amortising is a key concept in accounting and finance, particularly in relation to intangible assets and depreciation.

How to Memorize "amortising"

1. visualize
   

   - Visualize the process of writing off an expense or asset over its useful life. Imagine a balance sheet with the asset's cost gradually decreasing over several years.

2. associate
   

   - Associate the term with the process of expensing or allocating costs over time.

3. mnemonics
   

   - Use the mnemonic 'Amortize Assets Over Time' to help remember the meaning of the term.

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