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What is the principle of cross-cutting relationships?
Interest Expense
The cost incurred by an entity for borrowed funds, represented as an expense on the income statement.
Market Rate
The current price or interest rate at which securities, commodities, or currencies can be bought or sold in a marketplace.
Contract Rate
The contract rate is the interest rate specified in a contract, especially in lending agreements or bond issuances, dictating the interest payments to be made.
Face Value
The nominal value stated on a financial instrument, such as a bond or stock, representing its worth at issuance.
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