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Debt Refunding
The process of replacing an existing debt obligation with a new one, often with more favorable terms.
Ordinary Income
Earnings derived from standard business operations and not classified as capital gains or dividend income.
Extraordinary Income
Uncommon and infrequent gains not related to the normal operations of a business.
Effective Interest Amortization
A method for calculating the amortized cost of a bond or loan based on periodic interest expense, reflecting the actual interest rate.
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