Examlex
What are the effects of a financial crisis on short-run aggregate supply? How might long-run aggregate supply be affected?
Goodwill
An intangible asset that represents the excess value of a purchased company over the fair value of its identifiable net assets.
Amortize
The gradual reduction of a debt over a period of time through regular payments of principal and interest sufficient to pay off the debt by maturity.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to guide the recording and reporting of financial information.
Intangibles
Intangibles refer to non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.
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