Examlex
Which lender is likely to ask you to write a check for $115 before granting you a $100 loan?
Gain or Loss
The financial result that occurs when the selling price of an asset differs from its book value.
Interest Receivable
The amount of interest that has been earned but not yet received by the lender.
Gain on Sale
The financial profit earned from selling an asset for more than its book value.
Interest Revenue
Earnings generated by providing loans or placing money into financial vehicles that accrue interest.
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