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Installment Note
A debt instrument that requires regular payments, or installments, of principal and interest over a set period of time until the full amount, including interest, is paid.
Premium on Bonds Payable
The amount by which a bond's sale price exceeds its face value, reflecting additional value due to market conditions or the bond's terms.
Straight-Line Method
A depreciation method that allocates an equal portion of the initial cost of an asset to each period of its useful life.
Premium on Bonds Payable
The amount by which a bond's selling price exceeds its face value or par value, often resulting from interest rates lower than the bond's coupon rate.
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