Examlex
Multiply and simplify.
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Mortgage Payable
A long-term liability on a balance sheet, representing money owed on a property loan that is to be paid back over time.
Capital Balance
Capital balance represents the amount of capital attributed to the owners or shareholders of a company, reflecting their stake in the entity.
Partner Bonus
A financial incentive provided to a partner within a business, often based on the firm's profitability, individual performance, or both.
Fair Market Value
The price that property would sell for on the open market, between willing buyers and sellers under no pressure to act.
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