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One of Socrates's moral failures was his refusal to talk with women.
Financial Liabilities
Obligations owed to another entity, typically involving the future transfer of cash, goods, or services.
Amortised Cost
The amount at which financial assets or liabilities are measured in the balance sheet after the deduction of principal payments and plus or minus the cumulative amortization of any difference between the initial amount recognized and the maturity amount.
Effective Interest Rate
The true cost of borrowing that includes all fees and compounding of interest, expressed as an annual rate.
Fair Value
An approximation of the cost at which a liability or asset might be traded between informed, consenting parties in a fair transaction.
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