Examlex
What does the abbreviation ADLs stand for?
Interest Payment
The amount paid by a borrower to a lender for the use of borrowed money, typically expressed as an annual percentage of the loan principal.
Journal Entry
A recording of a financial transaction in an accounting journal, indicating the accounts and amounts to be debited and credited.
Interest Expense
The cost incurred by an entity for borrowed funds; interest payments made on debt.
Contract Rate
The agreed-upon rate specified in a contract for the provision of goods or services, often discussed in the context of interest rates or wages.
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