Examlex
If the transferor is a holder in due course then the transferee becomes a holder in due course.
Contractual Interest Rate
The agreed-upon interest rate specified in a loan or bond contract, which the borrower must pay to the lender.
Market Interest Rate
The prevailing rate of interest determined by supply and demand in the financial markets.
Straight-Line Method
A method of depreciation that allocates an equal amount of the depreciable cost of an asset to each year of its useful life.
Carrying Value
The net amount at which an asset or liability is reported on the balance sheet, calculated as original cost minus any depreciation, amortization, or impairment costs.
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