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The right of redemption allows a mortgagor,before foreclosure,to get back land upon payment of the full amount of the debt.
Insurance Premium
A periodic payment made by an individual or company to an insurance company in exchange for coverage against specified risks.
Office Supplies
Office supplies encompass a range of items used in an office for the purpose of conducting day-to-day operations, including stationery, paper, pens, and computing equipment.
Journal Entries
The records of financial transactions in an accounting system that detail the accounts affected and in what manner, serving as the primary means to document financial activity.
General Ledger
A complete record of all financial transactions over the life of a company, used to compile the financial statements.
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