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),

Related concepts

• Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.

Related lectures

• Introduction to Financial Management.