Examlex
A password is a unique combination of characters, such as letters of the alphabet or numbers, that identifies one specific user.
Expensed
Costs that are charged against income in the period they are incurred, rather than being capitalized and amortized over time.
Finite Life
Finite life refers to the fixed period during which an asset is expected to be useful before it becomes obsolete or its value is fully depreciated.
Intangible Assets
Non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.
Amortization Expense
Amortization expense is the gradual charging to expense of the cost of an intangible asset over its useful life.
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