1. A tax deduction for the gradual consumption of the value of an intangible asset. For example, if a company spends $10 million on a 10-year license, it amortizes the expense by deducting $1,000,000 from its taxable income per year for 10 years. Often used interchangeably with depreciation, which is the same thing for tangible assets. 2. The spreading of loan repayments over a given period of time.
Leadership Advocate | Co-Founder Goldzone Group. I help leaders to master the new rules of leadership for the new economy. Over the past 30 years, I have visited over 500 cities in 54 countries to explore, learn from, and help many of the world’s leading companies, leaders, and luminaries in the fields of science, technology, health, finance, entrepreneurship, and leadership.