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The reforms of King Charles III
Non-interest-bearing Note
A promissory note in which no interest is earned or paid over the life of the note, with the borrower repaying only the face value of the note.
Straight-line Method
A depreciation method that allocates an equal portion of the cost of a fixed asset to each year of its useful life.
Troubled Debt Restructuring
The process of modifying the terms of a debt agreement due to the debtor’s financial difficulties to enhance the likelihood of repayment.
Extraordinary Gains
Gains that are both unusual and infrequent in nature, typically reported separately in financial statements to provide clarity on a company's ordinary income.
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