Examlex
The Great Salt Lake in Utah is the second largest lake in the United States.
Long-term Notes Receivable
Loans or credit extended to others that are not expected to be repaid within the next twelve months, reported as long-term assets on the balance sheet.
Fair Value
The price that would be received for selling an asset or paid for transferring a liability in an orderly transaction between market participants at the measurement date.
Non-interest Bearing Notes
A type of debt instrument that does not accrue interest over time, requiring the borrower to repay only the principal amount.
Historical Cost
The original monetary value of an asset or investment, not adjusted for inflation or changes in market value.
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