Examlex
A value check is used when one element has a relationship with another one.
Amortized
The process of gradually writing off the initial cost of an asset over a period of time or spreading out a loan payment.
Discount on Bonds Payable
The difference between the bonds' par (or face) value and their lower selling price, representing additional interest expense to the issuer over the term of the bonds.
Bond Interest Payable
A liability account that records the amount of interest due on bonds that have not yet been paid to bondholders.
Current Liability
A financial obligation that is due to be paid within one year or within the normal operating cycle of the business, whichever is longer.
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