'Amortization' in respect of financial obligation of a company means the_____________________?
Correct answer: A. Liquidation of financial obligations on instalment basis
- A. Liquidation of financial obligations on instalment basis
- B. Commitment of financial obligation on priority
- C. Liquidation of all the obsolete equipments of the company
- D. Modernisation of the plant equipments
Explanation
Amortization means paying off a financial obligation gradually through scheduled instalments. It is analogous to depreciation for assets, but applies to loans or other financial obligations.
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