Examlex
Married couples in which both spouses have a college education are more likely to divorce.
Basic Formula
Typically refers to the accounting equation: Assets = Liabilities + Equity.
Calculating Interest
The process of determining the monetary charge for borrowing money or the return on investment for savings, typically through a predetermined formula.
Note Receivable
A written promise for the payment of a specified amount of money at a set time to the holder or bearer of the note.
Accounts Receivable
Represents money owed to a business by its customers for goods or services delivered but not yet paid for, considered a current asset on the balance sheet.
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