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Modified Accrual Accounting
An accounting method that combines aspects of both accrual and cash accounting, recognizing revenues when they are earned and expenses when they are incurred or paid.
Long-Term Debt
Financial obligations of a company that are due more than one year in the future, often including bonds, mortgages, and leases.
Permanent Fund
A fund established by a government or organization meant to provide a permanent source of income.
Endowed Gift
A donation made to an institution with the stipulation that the principal is kept intact and only the investment income is used.
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