Examlex
It is not possible to drink too much water.
Straight-Line Method
A method of calculating depreciation by evenly allocating the cost of an asset over its useful life.
Discount Amortized
Discount amortized refers to the gradual reduction or write-off of the discount on bonds payable over the life of the bond, thus increasing the bond's carrying value on the balance sheet over time.
Interest Payable
The amount of interest that a borrower owes to a lender at a specific point in time but has not yet paid.
Contract Rate
The interest rate specified in a contract, such as a loan agreement or bond indenture.
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