Examlex
Why is it important for companies to record adjusting entries?
Maturity
The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.
Arbitrage
The practice of buying and selling equivalent assets in different markets to take advantage of a price difference.
Law of One Price
An economic theory that states that in efficient markets, identical goods must have only one price when prices are expressed in a common currency, absent any transaction costs and tariffs.
Treasury Bond
A long-term, interest-bearing security issued by the U.S. government.
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