AMORTIZATION -The gradual extinguishment of any amount over a period of time through a systematic allocation of the amount over a number of consecutive accounting periods such as the retirement of a debt by serial payments to a sinking fund.
Amortization is spreading out the interest over sporadic accounting periods.
mnli hypothesis: Amortization is spreading out the interest over sporadic accounting periods. premise: AMORTIZATION -The gradual extinguishment of any amount over a period of time through a systematic allocation of the amount over a number of consecutive accounting periods such as the retirement of a debt by serial payments to a sinking fund.