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A ratio of 3:2:1 is the same as
Lease Agreement
A contract between two parties where one party agrees to rent property owned by another party, often specifying terms and conditions for use and payment.
Straight-Line Method
A method of depreciation that allocates an equal expense amount to each year of the asset's useful life.
Effective-Interest Method
A way of calculating the amortized cost of a bond and the amount of interest expense over time.
Interest Payment Dates
Specific dates set in a loan agreement or bond indenture on which interest payments are made to lenders or bondholders.
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