Then in the 1930s strong traditions emerged supporting amortization of mortgage loans; by 1934-1939 69% of commercial bank mortgage loans were amortized.
It was recognized almost from the start that the higher construction cost of the jet airliner would need to be amortized through intensive use.
The gap is hidden because the cost of programming gets amortized over the life of the license, Pachter says: "It's a big ticking time bomb".
"That a vast existing cultural patrimony, already paid for and amortized, sits locked behind legal walls, hostage to outmoded notions of property, when at the flick of a switch it could belong to all humanity — that is little short of grotesque, " Baldwin concludes.
Most of us will find ourselves and our loved ones somewhere in the pages of this penny-wise and bullion-foolish discussion about Americans' attitudes toward thrift — bargain-hunting, thrift-shopping, dumpster-diving, or (you know who you are) calculating the savings on three-hundred-dollar boots amortized over a five-year period.
Mr. Roth said that unlike the backers of most Broadway shows, the producers of "Bring It On" and "Fela!" do not need to recoup all their costs in New York because expenses are amortized over the course of the tour's run.
They calculated that the fee, amortized over a year's lease, would make up the $400-a-month 400-a-month 400-a-month difference
Interest rates are usually an eighth- to a half-percentage point higher than on fully amortized jumbo loans.
The Sudanese state-run news media presented the deal differently, though, saying the figure was closer to $26 per barrel, which apparently includes a lump-sum payment of $3 billion, amortized over several years, that South Sudan has offered to Sudan.
The loan is amortized on a 25-year schedule, however, so when it comes due in fall 2014, Mr. Kuhn will have to make a balloon payment of $775,000.
Those loans are amortized biweekly, in contrast with most payment plans, which accelerate payments without changing the underlying monthly accrual schedule.
