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Journal Entry
A record in accounting that logs every financial transaction of a business in double-entry bookkeeping.
Interest Expense
Interest expense is the cost incurred by an entity for borrowed funds, typically presented as a line item on the income statement.
Fixed Expense
Fixed expense refers to costs that do not fluctuate with the level of goods or services produced by the business, such as rent, salaries, and insurance.
Borrowing Risk
The potential danger that borrowers might not be able to repay their loans or meet other financial obligations, leading to financial loss for the lender.
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