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When did he make this observation?
Fully Amortized
A term that describes a loan or mortgage for which all the principal and interest payments have been completed over the term, leaving no balance.
Book Values
The value of an asset as recorded on a company's balance sheet, calculated as cost minus accumulated depreciation.
Consolidated Cash
The total cash amount reported on the consolidated financial statements, combining the cash holdings of a parent company and its subsidiaries.
Cash
A form of currency that includes physical bills and coins used in transactions.
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