Franchisors may restrict the goods and services you sell. For example, if you own a restaurant franchise, you may not be able to make any changes to your menu. If you own an automobile transmission repair franchise, you may not be able to perform other types of automotive work, like brake or electrical system repairs.
Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.
RELATED TERMS. 1  Amortization Of Intangibles A tax term relating to the practice of deducting the cost of 2  ... Straight Line Basis A method of computing amortization (depreciation) by dividing 3  ... Amortization 1. The paying off of debt in regular installments over a period ...