The systematic allocation of the discount, premium, or issue costs of a bond to expense over the life of the bond.
The systematic allocation of an intangible asset to expense over a certain period of time.
The systematic reduction of a loan’s principal balance through equal payment amounts which cover interest and principal repayment.
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For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
