avskrivning — meaning in English
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English meaning
- amortization noun The process of paying off a debt in regular instalments over a set period, so that each payment covers interest and part of the principal until the balance reaches zero.
- depreciation noun In accounting, the spreading of the cost of an asset over the years it is used, recorded as an expense to reflect the value it loses through wear and age.
Senses
avskrivning is used for these senses in English:
- amortization The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
- depreciation (accounting) The measurement of the decline in value of assets. Not to be confused with impairment, which is the measurement of the unplanned, extraordinary decline in value of assets.
amortization — full definition
- noun The process of paying off a debt in regular instalments over a set period, so that each payment covers interest and part of the principal until the balance reaches zero.
- noun In accounting, the spreading of the cost of an intangible asset, such as a patent or software licence, across the years in which it is expected to be useful.
depreciation — full definition
- noun In accounting, the spreading of the cost of an asset over the years it is used, recorded as an expense to reflect the value it loses through wear and age.
- noun A fall in the value or price of something over time.