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Skeletal biologists are very much interested in learning how prehistoric peoples behaved and how numerous behaviors influenced their health. In the last two decades, many skeletal experts have identified this approach with the term
Bad Debt Expense
An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.
Open Account
A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.
Interest-Bearing Note
A debt instrument in which the borrower promises to pay the lender a fixed amount of interest in addition to repaying the principal.
60-Day Note
Definition: A financial instrument, or promissory note, that requires the borrower to pay back the principal balance along with any interest in 60 days.
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