What does accumulated amortization mean?

accumulated amortization meaning in Business Dictionary

The total amount of the expense of paying off that loan removed to get a secured item which have thus far accrued. Like, the amount of accumulated amortization that a manufacturing company features accrued on a straight line basis by gradually paying off a mortgage on its factory is typically add up to the quantity it offers compensated toward maintaining the standard principal and interest repayments for the home loan.