Examlex
A personal loan is different from a credit card in that it is normally used to finance one large purchase.
Book Value
The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets and liabilities.
Accumulated Depreciation
The total depreciation charged over an asset's life, reducing its book value.
Trade-In Allowance
The amount of money a dealer subtracts from the price of a new item when you give them your old item as part of the payment.
Book Value
The value of an asset as it appears on the balance sheet, calculated by subtracting any associated depreciation or amortization from its original cost.
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