Depreciation Financial Glossary
What is it? The decrease in value of property (for example, your house) or some other asset (for example, your car) over a period of time due to natural wear and tear through regular use, or obsolescence.Finance Term Definition Added By: Ashlyn
The Depreciation definition has been viewed 2908 Time(s)!
Send To Friends!
If you'd like to send the Depreciation definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Depreciation. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Finance Terms:
Financial Term Portable is This describes the ability to move a particular mortgage product from one property to another in the event of a property move. This is particularly important if a fixed, capped, cash back or discounted product is taken where early redemption penalties are charged. If the product is not portable then a house move would involve the payment of early redemption penalties even if another mortgage was taken with the same lender.Financial Term Company pension is A pension scheme established by an employer for the provision of retirement benefits and /or other benefits for one or more employees.
Financial Term Default is Failure to meet the terms of a credit agreement.
Financial Term Annuity is An interest-bearing contract between an individual and a life insurance company that guarantees periodic payments to the indivdual during a specific time period.
Financial Term TCM is (see Treasury Constant Maturity).