Examlex
A line-of-sight transmission is one in which the signal bounces off the atmosphere to skip across the country or across continents.
Bank Loan
A sum of money lent by a bank to a borrower for a set period at an agreed interest rate.
Interest Expense
The cost incurred by an entity for borrowed funds over a period of time.
Interest Payable
A liability account representing the amount of interest expense that has been incurred but not yet paid.
Accrued Expense
Expenses that have been incurred but not yet paid or recorded in the financial statements, reflecting obligations that a business has taken on.
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