Amortization
Amortization is a noncash charge against intangible assets, such as goodwill.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Amortization. A noncash charge against intangible assets, such as goodwill.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Amortization. A noncash charge similar to depreciation except that it represents a decline in value of intangible assets.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
