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Interest Expense
Interest expense is the cost incurred by an entity for borrowed funds, payable over a certain period to the lender as compensation for the loan.
Installment Note
A debt instrument that requires a series of periodic payments, often including both principal and interest, over a set period of time.
Carrying Amount
The value of an asset or liability as reported in a company's financial statements, reflecting adjustments like depreciation or amortization.
Installment Note
A loan that is repaid over time with a set number of scheduled payments.
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