reducing balance
Definition 1
Accounting: Method of asset depreciation based on a percentage of its net book value which decreases every year.
Definition 2
Banking: Method of computing interest amount on the principal balance (and not on the original loan amount) that reduces with repayment of each loan installment.
reducing balance is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
reducing balance appears in these other term: reducing balance depreciation
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