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In the long run, import quotas increase net exports.
Discount
A reduction from the full price or value of a good, service, or financial instrument.
Face Amount
The nominal value stated on the face of a financial instrument, such as a bond, that the issuer promises to pay at maturity.
Prepaid Property Tax
An expense recorded when property taxes are paid in advance before they are due, treated as an asset on the balance sheet.
Property Tax Expense
An expense recorded to reflect the cost of property taxes levied by local governments, often related to real estate owned.
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