to reduce the value of an asset gradually by systematically writing off its cost over a period of time, or to repay a debt in a series of regular installments or transfers
Wiktionary Definition for: Amortize
transitive To decrease an amount gradually or in installments, especially in order to write off an expenditure or liquidate a debt.
Ex:''He obtained a mortgage with the interest payments '''amortized''' over the life of the loan.''
The Brazilian goverment has destinated the resources got with the sale of the stocks of oil and gas company Petrobras, estimated atR$8.327bil, to amortize public debts. According to Banco Central public indebtedness reduced from R$544.933bil in July The Brazilian goverment has destinated the resources got...
WASHINGTON--Legislation clarifying that agents can amortize insurance expirations has been introduced in the Senate. The legislation--introduced by Sens. Tom Daschle, D-S.D., and Steve Symms, R-Idaho--states that intangible assets, including expira WASHINGTON--Legislation clarifying that agents can amortize insurance expirations has been introduced in the...
From its early days, CNN needed to amortize the cost of its newsgathering operation over more than one network and in April of 1982, it began feeding its audio signal to radio stations. By the end of 1982, CNNRadio had its own newsroom and was broa ...
The IRS just released final regulations, effective for elections filed on or after Dec. 17, 1998, providing rules and procedures for electing to amortize start-up expenditures under Sec. 195. Sec. 195 generally provides that no deduction is allowed f The IRS just released final regulations, effective...
Electric company Companhia For=E7a e Luz de Cataguazes-Leopoldina sold 42.8% of its subsidiary Energisa to Alliant Energy in a deal worthRS$364.9mil. Part of this amount will be used to amortize Energisa and Energipe's R$51.266mil debt. The operation Electric company Companhia For=E7a e Luz de Cataguazes-Leopoldina ...
U.S. Tax Court Says Amortization of Cable Franchise Costs OK Washington -- In a victory for TeleCommunications Inc. and the cable industry as a whole, the United States Tax Court ruled last week that MSOs can continue to amortize the cost of...
By using this tool you can figure out the maximum amount for which you will qualify. You will be able to determine the monthly loan, annual payments towards property tax, home insurance and Private Mortgage Insurance PMI.
Reply Briefs Filed in Federal Tax Case WASHINGTON -- Reply briefs have been filed in a U.S. Tax Court case focusing on whether a cable company may amortize franchise costs under the so-called "Dairy Queen exemption" added to the federa Reply...
LOS ANGELES -- Health Net, Inc. (NYSE:HNT) today announced that it has secured $175 million in new debt under a financing facility from a non-U.S. bank. The new facility will amortize over five years in fixed semi-annual payments equal to $35 million per year.
...Krispy Kreme Doughnuts Inc. is now subject of a formal probe by the SEC, which is looking at how the company repurchased some of its doughnut franchises. Krispy Kreme has made an aggressive effort to buy back franchises from individual franchisees, some of whom included Krispy...
1. IntroductionFor more than 40 years, Congress has provided incentives for research and development activities in an effort to "increase the innovative qualities and efficiency of the U.S. economy."(1)(*) These incentives are currently embodied in section 174 of the Internal Revenue Code, which allows taxpayers to deduct research or experimental...
How to keep taxes from trapping you. During these difficult economic times, more and more franchise businesses are being put up for sale by the original franchisees. When a franchise business is purchased, the buyer would do well to consider the tax implications of the purchase. Typically,...
Publishers may finally be able to put the complicated issue of amortization of intangible assets behind them, thanks to an Internal Revenue Service offer to settle tax disputes. The one-time offer, which comes in the wake of a landmark court decision last spring allowing publishers to amortize intangible assets, concerns...
Banking and the Internal Revenue Service remain locked in a battle over whether the purchaser of a bank can amortize the cost of acquiring intangible assets for tax purposes. The importance of finding a solution to this long-standing controversy takes on added significance as...
DALLAS -- CompUSA concluded discussions with the Securities and Exchange Commission about the accounting for the sales of extended service plans and will now defer the revenues from the plans, less related direct costs, and amortize the revenue over the terms of the contracts. Because the new accounting policy will...
This article indicates the court refusal to allow a bank holding company to expense fees paid to outside advisors for work on due diligence prior to a proposed merger. The court required that management efforts supporting that merger also must not be expensed in the year incurred, but rather capitalized...
Tax Planning for Start-Up Costs Taxpayers can elect to amortize business start-up or investigatory expenditures prorated equally over a period of not less than 60 months.(1) If the election is not made, no deduction is allowed for such expenditures.(2) Start-up expenditures eligible for amortization do not include any...
Bear Stearns has originated $51.4 million of loans on 75 warehouses owned by WESCO International, a Pittsburgh supplier of electrical products. The 10-year loans, which range in size from $500,000 to $7 million, closed in four batches, starting in December and concluding last month....
Taxpayers have more flexibility to tap their IRAs before age 59'. Payouts can be recomputed annually without triggering a 10% fine. Folks who amortize their IRA balances into substantially equal payments over their life expectancies are able to refigure their annual withdrawals based...
Northwestern Mutual Life has agreed to provide more than $300 million to Cornerstone Properties to refinance two portfolios of office buildings. Northwestern will write a $275 million mortgage on five buildings and will originate, with Prudential Insurance, a $90 million mortgage on six...
