Examlex
A __________ receptacle is one that has internal shutters that are closed behind the receptacle slots when there is no attachment plug inserted.The shutters open when a plug is inserted allowing the plug (and cord) to become energized.
Effective Interest Rate Method
The effective interest rate method is a technique for calculating the actual interest rate for a financial product over its life, considering compounding.
Bonds Payable
A long-term liability account that records the face value of the bonds a company is obligated to repay at a specified future date.
Contract Interest Rate
The rate of interest stated in a loan or credit agreement that must be paid on the principal by the borrower.
Bond Discount
The variance in price between the face value of a bond and the amount it fetches on the market, specifically when sold at a price less than the face value.
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