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What is product protocol?
Discounted Note
A promissory note whose proceeds at issuance are less than its face value, due to interest being deducted or discounted in advance.
Borrowing Funds
The act of obtaining money from external sources, like banks or investors, which must usually be repaid with interest.
Interest Expense
The cost incurred by an entity for borrowed funds, payable to lenders as a finance charge over the term of the loan.
Existing Account Payable
Existing Account Payable refers to accounts payable obligations that are currently outstanding, representing previous credit purchases yet to be settled.
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