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Compared with stars in the disk, orbits of stars in the halo
Interest Expense
The cost incurred by an entity for borrowed funds, considered a non-operating expense on the income statement.
Notes Payable
A formal written agreement in which one party agrees to pay another a specific sum of money, either on demand or at a determined future date.
Interest-Bearing Note
A debt instrument that pays interest to the holder until its maturity date.
Issuance of Note
The act of creating a promissory note by which a borrower agrees to pay back a lender according to set terms.
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