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Key Terms Instructions: Please Define the Following Key Terms

question 63

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Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
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Definitions:

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period.

Market Rate

The interest rate available in the marketplace for similar transactions.

Times Interest Earned Ratio

A financial metric that evaluates how well a company can cover its interest expenses with its earnings before interest and taxes.

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