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Lease Payments
Regular payments made by a lessee to a lessor in exchange for the right to use an asset, such as real estate or equipment.
Bonds Payable
Long-term liabilities representing money owed by an entity to bondholders, to be paid back at a specified future date with interest.
General Journal Entry
A record of financial transactions in the general journal that includes the date, accounts affected, amounts, and a brief description.
Interest Payment
The payment made by a borrower to a lender for the privilege of borrowing money, usually expressed as a percentage of the principal amount.
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