Amortization in Tamil
Definition:
Amortization is the process of gradually reducing the value of an intangible asset or a loan through regular payments over a specific period of time. This can apply to:
1. **Intangible assets**: Amortization is the method of allocating the cost of an intangible asset, such as a patent, copyright, or trademark, over its useful life. This is done to account for the asset’s depreciation in value over time.
2. **Loans**: Amortization is the gradual reduction of the outstanding principal amount of a loan, such as a mortgage or installment loan, through regular payments that include both interest and principal repayment.
The term “amortization” comes from the Latin words “a” (meaning “not”) and “mortalis” (meaning “debt” or “lien”). In the context of accounting, amortization is used to match the cost of an asset or loan with the revenues it generates over its useful life, providing a more accurate representation of a company’s financial performance.
Example: John purchases a software company that has a patent with a 10-year life expectancy. The patent costs $100,000. John would amortize the patent over 10 years, recording $10,000 in expenses each year to reflect the gradual loss of value of the patent.
In simple terms, amortization is a process of gradually reducing the value of an asset or loan over time, providing a more accurate representation of its economic value.
Translation of ‘Amortization ‘ in Tamil:
பணமதிப்பிழப்பு
Examples:
- Here are three unique example sentences using the word “Amortization”:
- 1. The bank’s mortgage calculator helped her understand the complex process of amortization, which would gradually reduce the principal amount of her home loan over the next 30 years.
- 2. As a small business owner, he had to carefully manage the amortization schedule for his company’s equipment loan, ensuring that the payments were spread out evenly to accommodate his cash flow.
Synonyms:
some words may be more commonly used in certain fields or industries (e.g., accounting, and it’s always a good idea to use context and clear definitions to ensure you’re communicating effectively., so it’s important to consider the context in which you’re using them. Additionally, or engineering).
Here are some specific examples of when these words might be used:
* Depreciation: ACCOUNTING – “The company will depreciate the asset over its lifespan.”
* Expiration: MEDICINE – “The medication expires after 12 months.”
* Gradual reduction: BUSINESS – “The company will gradually reduce its workforce over the next few months.”
* Wear and tear: ENGINEERING – “The truck’s tires will show wear and tear over time.”
* Alleviation: POLITICS – “The new policy aims to alleviate the country’s economic woes.”
* Diminution: LAW – “The judge ordered the company to pay damages for the diminution in the property’s value.”
* Reduction: FINANCE – “The company will reduce its debt by 50% over the next year.”
* Write-off: ACCOUNTING – “The company wrote off the loss as a non-operating expense.”
* Capital consumption: ECONOMICS – “The consumption of capital led to a decline in productivity.”
* Asset disposition: BUSINESS – “The company will dispose of its assets to raise funds for the new project.”
Keep in mind that some of these words may have multiple meanings or connotations, finance, Here are some synonyms for the word “amortization”:
1. Depreciation
2. Expiration
3. Gradual reduction
4. Wear and tear
5. Alleviation
6. Diminution
7. Reduction
8. Write-off
9. Capital consumption
10. Asset disposition
Note that some of these words may have slightly different connotations or nuances
Antonyms:
whereas increase refers to a rise or growth in value or amount.
3. Consolidation: Amortization can involve spreading out a cost or value over a longer period, Here are some antonyms for the word “Amortization”:
1. Accumulation: Instead of spreading out a cost or value over time (amortization), more complex entity.
5. Enhancement: Amortization can involve reducing the value or quality of an asset over time, more manageable portions, more manageable entity.
4. Aggregation: Amortization involves breaking down a larger amount into smaller, whereas consolidation involves combining multiple debts or assets into a single, whereas aggregation involves combining smaller amounts into a larger, whereas enhancement refers to the process of improving or increasing the value or quality of an asset.
6. Concentration: Amortization involves spreading out a cost or value over a longer period, whereas concentration refers to the process of focusing or directing attention on a specific area or activity.
7. Expansion: Amortization can involve reducing the value or scope of an activity or asset over time, whereas expansion refers to the process of increasing the scope or scale of an activity or asset.
It’s worth noting that antonyms can depend on the context in which the word “amortization” is used, and the antonyms listed above may not be suitable for all contexts., accumulation refers to the process of gathering or adding to a sum of money or resources over time.
2. Increase: Amortization often involves reducing a value or cost over time
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