Examlex
What type of component holds its charge even after the power is turned off and the device is unplugged?
Note Payable
A formal, written agreement to pay a certain amount of money, typically including interest, to the lender at a future date or on demand.
Write-off
The accounting action of declaring an asset's value as zero, often due to irrecoverable debts or asset devaluation.
Uncollectible Account
Refers to receivables that a company has deemed impossible to collect, recognizing it as a bad debt expense.
Repayment of Loan
The process of paying back borrowed money to the lender, typically involving periodic payments of principal and interest over a set term.
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