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Amortisation

What happens to intangible assets over time. An intangible asset is a non-physical asset that has a useful life of greater than one year.

Examples of intangible assets are trademarks, customer lists, motion pictures, franchise agreements and computer software.

Process of paying-off a loan with periodic payments based on a changing ratio of principal and interest amounts.

From a condo | strata perspective, applies to borrowings and not to regular or special reserve fund contributions.

About Author: Jean-François

With experience gained in construction, project management, field reviews, inspections, report writing and as strata president, J.-F. has cross-industry expertise guaranteeing that you will participate in a process geared to improving the corporation's finances and to setting the condo | strata board | council's planning to stand the test-of-time.