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What Is Total Cost of Ownership?

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What is Total Cost of Ownership?


Definitions:

Excess Cash

Surplus funds that are not required for immediate operational needs or investment purposes.

Accrued Interest

Interest that has been incurred but not yet paid, usually recorded as a liability on the balance sheet.

Interest Dates

Specific dates on which interest payments on loans or bonds are due to be paid to lenders or bondholders.

Interest Revenue

Income that is earned from investments, savings, bonds, or other interest-bearing accounts over a particular period.

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