Examlex
Generally accepted accounting principles are authorized by the Financial Accounting Standards Board (FASB).
Market Rate
The ongoing market rate at which you can buy or sell an asset or service.
Contract Rate
The interest rate stated in a loan or lease agreement, dictating the rate at which interest accrues on the outstanding principal.
Bond Premium
The excess of a bond's market price over its principal amount or nominal value.
Straight-line Method
A strategy for computing depreciation or amortization through evenly apportioning the cost of an asset across its expected useful duration.
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