Money Management Glossary: Asset Management Terms
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- Amortization
- The term Amortization denotes the payment of a debt in installments over a pre-specified period.
- Fixed Amortization
- Fixed Amortization involves the payment of a debt in the form of regular, periodic installments of principal and interest -wherein the interest rate and payment never change.
- Amortization Term
- The phrase "Amortization Term" denotes the period of time (usually expressed as a number of months) used to determine the dollar amount of scheduled loan payments.
- Amortized Asset
- The phrase "Amortized Asset" refers to an asset that is completely paid off (including interest and principal) in the form of a series of regular/periodic payments.
- Asset
- The term Asset describes anything owned by an individual (or a business) that has commercial or exchange value.
- Balance Sheet
- The phrase "Balance Sheet" denotes a financial statement that shows one's assets, liabilities, and the net worth as of a specific date.
- Capital Expenditures
- Capital Expenditures include the physical assets (such as equipment used in product manufacturing, etc.) that a company (or a personal business) buys for itself.
- Community Property
- The phrase "Community Property" denotes property acquired during a (common-law) marriage which is generally deemed to be jointly-owned (Community Property) of both spouses irregardless of whether or not even it is titled in the name of one or both spouses -unless said property has been specifically acquired as separate property of one spouse.
- Depreciation
- The term "Depreciation" describes an accounting procedure used for spreading the cost of assets used by a business over a period of time. The devaluation so arrived at can be deducted from taxes as a business expense.
- Donor
- The term "Donor" describes an individual (or an entity/proxy representative thereof) who gives a gift.
- Fixed Asset
- Fixed Assets include Long-term assets (such as buildings, equipment, real property, etc.) that are not to be converted to cash in the near term.