Amortization
Amortization: 1) in accounting terms, this refers to the method in which an intangible asset is depreciated over a specified period of time. 2) In terms relevant to signage and urban planning, it conveys the grace period beginning on the date a sign owner is notified that removal of a previously conforming sign has been ordered, and ending on the date removal is required. This process makes a structure, which was legally erected with all permits, legally non conforming for period of time. After an amortization period, the sign becomes illegal and non conforming. Amortization has often been found to be a form of regulatory taking. The legality of amortization depends on state law and numerous other conditions, and is frequently unenforceable.
Source: http://www.signresource.com/library/Sign_Industry_Glossary_of_Terms.pdf
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