Examlex
IBM paid programmers by the number of lines of code written, which resulted in:
Interest Payment
The payment made to a lender by a borrower in return for the use of borrowed money, typically represent a fixed percentage of the principal.
Book Value
The net value of a company's assets, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.
Straight-line Amortization
A method of evenly spreading the cost of an intangible asset over its useful life.
Interest Payment
The amount paid by a borrower to a lender for the use of borrowed money, typically expressed as an annual percentage.
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