#financial accounting

• Amortization — The accounting value expression of the irreversible depreciation of a tangible or intangible fixed asset, resulting from physical or moral wear and tear or the passage of time, periodically transferred to expenses; a sum of money allocated periodically for the gradual extinguishment of a long-term debt or a bond loan according to a set schedule.
• To amortize — To gradually recover the value of an investment or a fixed asset by periodically including a quota-share in production expenses; to gradually extinguish a debt through staggered payments. In a technical or physical sense, it means to reduce, attenuate, or cancel the intensity of a shock, vibration, noise, or oscillation using a specialized device.