amortization of intangible assets
The expensing of an intangible asset from the balance sheet to the income statement.
amortization schedule
A multi-column listing of the amounts needed to eliminate a balance in a systematic manner over the life of the item. An amortization schedule for bond discount would show the amounts needed to be journalized over the life of the bonds in order to systematically move the amount from the balance sheet to interest expense on the income statement.
annuity
A series of equal amounts at equal time intervals. Also see annuity due, annuity in advance, annuity in arrears, and ordinary annuity.
annuity due
A series of equal amounts occurring at the beginning of each equal time interval. Also known as an annuity in advance. An example would be the monthly rent on an apartment.
annuity in advance
A series of equal amounts occurring at the beginning of each equal time interval. Also known as an annuity due. An example would be the monthly rent on an apartment.