New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter V - Medical Facilities
Subchapter A - Medical Facilities-minimum Standards
Article 8 - New York State Annual Hospital Report
Part 441 - Definitions
Section 441.31 - Amortization
Universal Citation: 10 NY Comp Codes Rules and Regs ยง 441.31
Current through Register Vol. 46, No. 39, September 25, 2024
(a) The gradual extinguishment of any amount over a period of time: as, the retirement of a debt by serial payments to the creditor or into a sinking fund; the periodic writedown of an insurance premium or a bond premium.
(b) A reduction of the book value of a fixed asset; a generic term for the depreciation, depletion, writedown or writeoff of a limited-life asset.
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