Examlex
________ refers to susceptibility to deterioration; the characteristic of services that makes them difficult to store.
Capital Lease
A lease agreement in which the lessee records the leased asset as if it was purchased with financing, reflecting it on their balance sheet.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.
Cash Equivalent
Short-term, highly liquid investments that are easily convertible to known amounts of cash and have original maturities of three months or less.
Non-Interest-Bearing Note
A debt instrument that does not accrue interest over its life, meaning it is issued at its face value and repaid at the same amount without additional interest payments.
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