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The openness-closedness dialectic in interpersonal relationships
Non-current Note
a long-term financial obligation or loan that is not due for repayment within the next year or operating cycle of the business.
Instalment Payments
Payments made towards the cost of a purchase over a period, allowing the buyer to pay off the total amount owed in smaller, periodic amounts.
Principal Portion
The part of a loan payment that goes toward reducing the original loan amount, as opposed to the interest portion.
Interest Portion
The part of a payment that covers the interest on borrowed money.
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