Examlex
The materiality principle permits the use of the direct write-off method of accounting for uncollectible accounts when bad debts are very large in comparison to the company's other financial statement items such as sales and net income.
Coupon Rate
Each year, the interest rate given on a bond calculated as a percentage of its nominal value.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, expressed in years.
Interest Rate Risk
The potential for investment losses due to fluctuations in interest rates, affecting the value of interest-bearing assets.
Default Risk
The possibility that a borrower will fail to meet the obligations of a debt agreement.
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