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It Would Be Easiest to See the Company's 2014 Interest

question 61

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It would be easiest to see the company's 2014 interest expense, as a percentage of revenues for the year, by looking at a


Definitions:

Binding

The quality of being legally enforceable or imposing duties on the parties involved.

Enforceable Contract

A legal agreement that can be upheld in court, usually because it meets all necessary legal requirements.

Written Contract

A legally binding agreement between two or more parties that is expressed in written form.

Army Hitch

Slang for a period of enlistment or service in the army.

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