Examlex
Insurance that protects a person in the event of a certain type of accident, such as an automobile or plane crash, is called:
Bad Debt Expense
The cost associated with accounts receivable that a company does not expect to collect because customers default on their payments.
Note Duration
The length of time until a promissory note, or loan agreement, is due to be paid in full.
Face Value
The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, indicating its worth at issuance.
Interest Rate
The percentage charged on the total amount of borrowed money or paid on investments, over a specific period of time.
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