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When a company receives an interest-bearing note receivable, it will
Taxable Income
The portion of an individual's or company's income used to determine how much tax will be owed to the government.
Interest Tax Shield
The reduction in income taxes that results from taking an allowable deduction for interest expenses.
Interest Tax Shield
The decrease in income taxes that occurs by subtracting a permitted deduction, like debt interest, from taxable income.
Levered Firms
Companies that employ debt (loans or bonds) in their capital structure alongside equity (stocks).
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