Examlex
Can a trade or business expense be deductible if it is necessary but not ordinary?
Compounded Semi-annually
The process of adding interest to the principal sum of a loan or deposit on a twice-yearly basis, resulting in interest on interest.
Payments
Amounts of money paid by one party to another, often at regular intervals, in exchange for goods or services.
Repaid
The act of paying back money that was borrowed from a person, bank, or financial institution.
Interest Rate
The ratio at which interest is applied to money loaned by a borrower from a lending party.
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