AMORTIZATION EXPENSE Definition

AMORTIZATION EXPENSE is the allocation to expenses of the cost of an intangible asset such as goodwill, a patent, bond issue costs, etc.

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CAPITAL SURPLUS is an archaic term. See PREMIUM ON CAPITAL STOCK.

BANK is a financial entity that is licensed by a government to receive monetary deposits: commercial/retail banks and investment banks. In most countries, banks are regulated by a national government or central bank. 

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