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The current account balance of the balance of payments account equals:
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Bond Premium
Bond Premium is the difference by which the price paid for a bond exceeds its face value, typically occurring when the bond's interest rate is higher than the current market rate.
Straight Line Amortization
A method of gradually reducing the cost value of an intangible asset over a fixed period of time through regular fixed payments.
Effective Tax Rate
The average rate at which an individual or a corporation is taxed, calculated by dividing the total tax paid by the taxable income.
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