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Under the Lanham Act, a private party injured by the false ads of a competitor may sue the competitor for double value of lost profits.
Interest Expense
The cost incurred by an entity for borrowed funds, considered a non-operating expense on the income statement.
Commercial Bank
A financial institution that offers a broad range of deposit accounts, including business loans, retail banking, and other financial services.
Discounts a Note
The process of reducing the face value of a promissory note, usually to accelerate cash flow or recognize interest income prior to its receipt.
Note Matures
The point in time when a promissory note, bond, or other financial instrument's principal is due to be paid back.
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