Examlex
What is the word for an array of nonaligned or friendly states that cushion or protect a larger country from invasion,as happened with the former Soviet Union and its Eastern European neighbors?
Accrual Concept
An accounting methodology that records revenues and expenses when they are incurred, regardless of cash flow.
Intangible Asset
An asset that lacks physical substance and represents potential future benefits; examples include patents, trademarks, and goodwill.
Defined Benefit Pension Plan
A type of pension plan where the benefits that the retiree will receive are defined based on factors such as salary history and duration of employment.
Interest Cost Component
The portion of pension expense that reflects the increase in pension benefits liability due to the passage of time, calculated based on actuarial assumptions.
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