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.