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Amortized Value

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Amortized Value
The value of a bond as determined by the process of amortization. The amortized value of a bond may be used as its asset value on a balance sheet.


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Combined, the three corporates report an amortized value of approximately $1.
The Company will take a $100,000 charge against earnings in the 2nd quarter ending January 31, 2002 due to the write-off of the amortized value of the property.
The Company's net worth has grown to $10,100,259, including software -- the Company's primary asset --at an amortized value of only $328,176, which is a fraction of the its actual market value.
 
 
 
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