Examlex
A codicil is a clause in a will affirming an administrator's testamentary capacity.
Interest Expense
The cost incurred by an entity for borrowed funds, reflecting the interest payments on debt over a reporting period.
Note Payable
A written agreement where one party promises to pay another party a definite sum of money either on demand or at a specified future date.
Maturity
The date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.
Non-current Liability
A financial obligation that is not due for settlement within one year or the normal operating cycle of the business, often including long-term loans, bonds payable, and lease obligations.
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