The amount of principal reduction (repayment) on a loan or debt. Amortization payments are generally regular payments (usually monthly), made to reduce the
debt along with the interest payments over the term of the loan. The term Amortization is used in connection with the periodic expensing of the cost or value of
an intangible asset such as patents, trademarks or copyrights (similar to depreciation of a tangible assets well as prepaid expenses, such as subscription
revenue whereby the amount prepaid is periodically included in income over the life of the subscription or prepaid expense.
