Examlex
When a borrower receives the face amount of a discounted note less the discount, the amount received is known as
Parent and Subsidiary
A parent and subsidiary relationship exists when one company, the parent, owns more than half of another company, the subsidiary, granting control and often integrating operations or management.
Consolidated Financial Statements
Consolidated financial statements aggregate the financial information of a parent company and its subsidiaries, presenting it as if the group were a single entity.
Controlling Influence
The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
Interest Revenue
Income earned from lending money or investing in interest-bearing financial instruments.
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