‘Amortization’ in respect of financial obligation of a company means the_____________________?

(A) Liquidation of financial obligations on instalment basis ()
(B) Commitment of financial obligation on priority (X)
(C) Liquidation of all the obsolete equipments of the company (X)
(D) Modernisation of the plant equipments (X)

Answers: ‘Amortization ‘ in respect  of financial obligation of a company means the Liquidation of financial obligation  on instalment basis.