By TheStreet Staff What Is Amortization?Amortization is writing down the value of an asset or the payment of a loan over a period. From a company perspective, it would be amortizing expenses for assets, particularly intangible assets such as intellectual property rights. From a banker’s perspective, it’s stretching the payment period of a loan to provide the borrower the flexibility to repay at a fixed amount. In accounting parlance, amortization is the process of allocating the costs of long-lasting assets, or “long-lived assets,” over a period during which those assets are projected to provi…