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-Philosophical Transactions
Accrued Interest
Interest that has been incurred but not yet paid.
Premium
An amount paid in excess of the normal or nominal value, often relating to the additional cost over the face value of securities or insurance charges beyond standard rates.
Bonds Payable
Long-term liabilities representing borrowed funds that a company is obliged to pay back with interest at specified times.
Valuation Account
An account used to adjust the carrying value of an asset or liability, such as an allowance for doubtful accounts or accumulated depreciation.
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