Examlex
What does empowering employees mean?
Amortize
The process of gradually writing off the initial cost of an asset over a period, typically the asset's useful life.
Impairment Losses
Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount.
Consolidated Financial Statements
Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single entity.
Amortize
To amortize means to gradually reduce or write off the initial cost of an asset over a period, typically through regular payments covering interest and principal.
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