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Intangibles
Assets owned by a company that don't have physical substance but have value, such as patents, trademarks, and copyrights.
Intangible Assets
Refers to non-physical assets that have value, such as patents, trademarks, goodwill, and copyrights.
Finite Life
Refers to assets or investments that have a defined time period over which they are expected to generate returns or be useful.
Amortize
The process of paying off a debt over time through regular payments, which can include portions of both principal and interest.
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