Title: What Is Amortization and How Do You Use It To Pay Off Loans? - TheStreet
Headings: What Is Amortization and How Do You Use It To Pay Off Loans?
What Is Amortization and How Do You Use It To Pay Off Loans?
Amortization tells you exactly what you need to know to pay off a loan, more quickly and efficiently.
What Is Amortization?
What Is Amortization for Businesses?
What Is Amortization for Loans?
How Does Amortization Work for Loans?
How to Calculate Loan Amortization
What Kinds of Loans Can Be Amortized?
Loan Amortization Tips

Content: Mar 25, 2020 2:26 PM EDT
The world of accounting is a maze of numbers, formulas and calculations, with the goal to provide some order and balance between assets and liabilities. One term that defines the intricacies of complex accounting is amortization, the Swiss army knife in an accountant's toolkit. Both companies and individuals can leverage amortization to write off assets over that assets anticipated period of usage, and create faster ways to pay off installment loans - moves that can translate into a big financial advantage. What Is Amortization? Amortization covers two definitions - one focused on business assets and the other focused on loan repayments. What Is Amortization for Businesses? Amortization is an accounting tool that essentially steers assets off of a balance sheet and onto an income statement. It does so by writing off (mostly intangible) assets over their anticipated period of use. Such assets may include copyrights, patents and trademarks. Let's say that a company has a valuable patent, which is active for 10 years.