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We record gain contingencies when the gain is probable and can be reasonably estimated.
Maturity Value
The total amount that will be paid to the investor at the end of a fixed income security's term, including principal and interest.
Interest Expense
The cost incurred by an entity for borrowed funds, typically paid at a set rate over the life of the borrowing.
Notes Payable
Liabilities represented by written promises to pay a specified sum of money, usually with interest, by a certain date.
Notes Payable
A written agreement where the borrower promises to pay back a specified sum to the lender by a certain date.
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