{"iri":"https://folio.openlegalstandard.org/RL7IXFcChVOHHB88Tedz3a","label":"Amortized Asset","sub_class_of":["https://folio.openlegalstandard.org/R7NbRiaFKuXbP6fYk436pb2"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Amortizing Financial Instrument","alternative_labels":["Amortization Loan","Amortizing Asset","Installment Payment Asset"],"translations":{},"hidden_label":null,"definition":"An Amortized Asset is a financial instrument where the principal amount is gradually reduced through regular payments over the life of the asset. These payments typically include both interest and principal, leading to a decrease in the outstanding balance until the loan is fully repaid by the maturity date.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}