Examlex
The normal balance of an expense account is a ________ because expenses decrease ________.
Interest-Only
A loan payment option where the borrower is required to pay only the interest portion for a specific period.
Balloon Loan
A type of loan that typically requires small periodic payments and a large lump sum payment at the end of the loan term.
Amortized Loan
A loan with scheduled periodic payments that include both principal and interest.
Annuities
Financial products that provide a series of payments over time, often used for retirement income.
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