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Clicking Open as Copy creates a copy of an Office file already saved and named with the word "____" in the title.
Debenture Bonds
Financial securities issued by a company that are backed only by the issuer's creditworthiness and general reputation, not by physical assets.
Effective-Interest Method
A method of computing the amortized cost of a bond and of allocating interest expense over its relevant period.
Operating Lease
A lease agreement that allows for the use of an asset but does not convey rights of ownership to the lessee.
Capital Lease
A leasing arrangement that is treated like an asset purchase for accounting purposes, where the lessee records the leased asset as if it has been purchased.
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