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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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A
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Amortization
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INFOTEXT
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1992-09-02
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In finance, the ending of a debt by paying it
off gradually, over a period of time. The
term is used to describe either the paying
off of a cash debt, or the accounting
procedure by which the value of an asset is
progressively reduced (`depreciated') over a
number of years.