amortization period – n: the period of time over which a
large expense item is amortized on the company’s income statement. The
amortization period for a given expense item it typically determined based on
that item’s useful life; tax authorities such as the IRS and/or accounting
bodies such as FASB will often stipulate the maximum allowable useful life over
which a given category of expense can be legally amortized or spread out.
------------------------------------------------------------
Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
Copyright © 2004-2006 CompanyCrafters LLC