Abstract
‘Amortization’ is an accounting term meaning the allocation of a cost to several time periods. The term is derived from the Latin word for ‘death’ and literally means to ‘kill off’ the liability. Debts which are paid off gradually are said to be amortized.
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Hulten, C.R. (2018). Amortization. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_225
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DOI: https://doi.org/10.1057/978-1-349-95189-5_225
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Publisher Name: Palgrave Macmillan, London
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