Examlex
tournament removes risks from outside factors butadds another type of risk called:
Mortgage Note Payable
A liability in the form of a written promise to repay a specified amount of money, along with interest, secured by a mortgage on property.
Loan Principal
The original sum of money borrowed in a loan agreement, excluding interest, that must be repaid or serviced.
Interest
Interest is the cost paid for borrowing money, typically expressed as an annual percentage of the principal amount, distinct from interest charged to specific loans.
IFRS
International Financial Reporting Standards, which are global accounting standards for preparing financial statements.
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