Examlex
Which one of the following characteristics does not apply to theocracies?
Bond Payable
A long-term debt instrument issued by a company, promising to pay the holder a specified amount of interest over a set period and to repay the principal on the bond's maturity date.
Long-Term
Referring to assets, liabilities, or investments that are expected to be held or mature in more than one year.
Interest-Bearing Note
A promissory note that comes with the agreement to pay the holder a fixed amount of interest over a specified period until the principal amount is repaid.
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