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Interest Payable
An account representing the amount of interest expense that has been incurred but not yet paid by a company.
Notes Payable
Financial obligations represented by written promissory notes in which the borrower agrees to pay back the amount borrowed, typically with interest, by a specified date.
Unearned Rent Revenue
Income received from tenants for rent that has not yet been earned because the rental period has not occurred.
Current Liability
A financial obligation that is due to be settled within one year or within the normal operating cycle of the business, whichever is longer.
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