Examlex
Because bonds are more standardized than loans, transactions costs for bonds are typically lower than transactions costs for loans.
Fixed Asset
A long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income.
Intangible
Assets that lack physical substance but hold value for a firm, such as patents, trademarks, and goodwill.
Commercial Substance
An aspect of transactions indicating that it will result in a significant change in the economic circumstances of the participating entities.
Realized Gain
The profit earned from the sale of an asset, calculated as the difference between the asset's sale price and its original purchase price.
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