Examlex
If firms make a profit in the short run, firms will exit the market in the long run.
Bonds Payable
A long-term liability account on a company's balance sheet representing the amount it owes to bondholders by the maturity date, typically including loans or other forms of debt obtained through issuing bonds.
Contra Account
An account used in financial reporting to reduce the value of a related account when the two are netted together.
Effective Interest Rate
The actual return on an investment or cost of a loan considering the effect of compounding interest, distinct from the nominal rate.
Contract Interest Rate
The interest rate specified in a loan or bond agreement, which determines the amount of interest the borrower will pay over the term of the loan.
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