Examlex
After an individual chimp learned a new food-gathering technique, the rest of its group acquired the new skill within a few days. In turn, the newly acquired skill spread to other chimpanzee groups who could see the new behavior. According to the textbook, this is evidence of latent learning.
GAAP
Generally Accepted Accounting Principles, which are a set of accounting standards and practices used to prepare financial statements.
Financial Instruments
Contracts that give rise to both a financial asset of one entity and a financial liability or equity instrument of another entity.
Discounted Note
A promissory note that is sold or issued for less than its face value and upon maturity pays out its full face value, effectively generating interest for the holder.
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