Examlex
What are the major areas of law that affect e-commerce?
Note Payable
A formal written agreement to pay a specified amount of money, including interest, by a certain date, recorded as a liability on the balance sheet.
Original Principal
The initial amount of debt or loan before any interest or fees are added; it is the base amount on which interest calculations are made.
Accrued Interest
Interest earned or owed that has not yet been paid or received.
Discounting
The process of determining the present value of a future amount of money or stream of cash flows given a specific rate.
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