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  • The gradual reduction of debt by periodic payment sufficient to pay current interest and to eliminate the principal at maturity. This is also the term used for gradual reduction/writing off over a period of time in the book value of fixed or intangible assets, deferred charges and prepaid expenses, bond discount and bond premium, etc.

    City and County of Honolulu - Cite This Source - This Definition

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All > Business > Small Business

Also listed in:

All > Business > Small Business

Also listed in:

All > Business > Small Business

All > Business > Small Business

Also listed in:

All > Business > Small Business

All > Business > Small Business

  • The decline in value of a limited-life tangible asset, such as a building, machine, vehicle, equipment, furniture, etc., due to age, and to the normal wear and tear of use. In general, depreciation assigns to a fiscal period a portion of the original cost of the capital cost asset.

    City and County of Honolulu - Cite This Source - This Definition

Also listed in:

All > Business > Small Business

Also listed in:

All > Business > Small Business

Also listed in:

All > Business > Small Business

All > Business > Small Business

Also listed in:

All > Business > Small Business

Also listed in:

All > Business > Small Business

All > Business > Small Business

Also listed in:

All > Business > Small Business

All > Business > Small Business

Also listed in:

All > Business > Small Business

Also listed in:

All > Business > Small Business

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