Examlex
Planned detection risk and planned evidence are directly related; that is, as planned detection risk increases, planned audit evidence for tests of details of balances also increases.
Partially Amortized
A loan repayment plan where the total sum borrowed is not fully paid off by the end of the loan term, leaving a lump sum due as a "balloon payment."
Net Advantage
The quantitative benefit or gain derived from a particular decision or action, after considering all related costs and disadvantages.
Leasing
A financial arrangement where one party allows another to use an asset for a period of time in exchange for payment.
NPV
Net Present Value, a calculation used to determine the present value of an investment by the sum of its future cash flows minus the initial investment.
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