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Interest Charge
The amount charged by a lender to a borrower for the use of borrowed money, typically expressed as an annual percentage of the principal.
Dishonor Of Note Receivable
Occurs when a promissory note's maker fails to make the scheduled payment to the note's holder when due.
Accounts Receivable
Amounts of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Allowance For Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that is expected not to be collectible due to credit sales.
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