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.
Amortization happens when you pay off a debt over time with regular, equal payments. With each payment (generally monthly payments), a portion of the money goes towards: The interest costs (what your lender gets paid for the loan), and. Reducing your loan balance (also known as paying off the loan principal)