Examlex
Write the numeral in base ten.
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Amortized
The process of gradually writing off the initial cost of an asset over a period, or similarly, spreading loan payments over the loan term.
Amortization
Amortization is the process of gradually writing off the initial cost of an intangible asset over its useful life, reflecting its consumption or decline in value.
Intangible Assets
Non-physical assets such as patents, copyrights, and goodwill that have value to a business.
Utility
A measure of the satisfaction or benefit derived from consuming goods and services.
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