Match the definition with the correct term.Not all of the terms have a match. A definition can be used more than once.
Definitions:
Redeemed
The process of paying off or buying back something, often referring to repaying the principal amount of bonds or preferred stocks.
Product Warranty
A product warranty is a promise made by a seller to a buyer to repair or replace a product within a specified period if it fails to meet the terms of the warranty.
Warranty Repairs
Services provided to fix defects in goods sold within a specified period, at no cost to the customer, under the terms of a warranty agreement.
Adjusting Entry
An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.
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