Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
remaining unpaid on a
, and which decreases with every
of the loan installment. Interest rates and other charges are computed normally on the declining balance.
letter of credi...
You Also Might Like...
How to Pick a Credit Card for Your Business
One of the easiest and most convenient ways for a small business to raise money is to use a business credit card. You can get one based on your personal credit score, a factor that makes these cards popular with startups. Even existing businesses ...
What Management Strategy Should I Use in an ...
When there is a recession, companies react in different ways. Some ignore it for as long as possible, hoping that it is a temporary phase that will go away soon. Firms that adopt a "business as usual" approach are the worst sufferers in case the ...
Accounting Practices Needed When Starting a ...
Capital Lease vs. Operating Lease
While leasing may seem like a relatively straight forward process, the accounting and tax treatment of leases can vary greatly depending on if a lease is considered to be capital or operating in nature. This article will help you understand the ...
Copy & paste this HTML in your website to link to this page
Mentioned in These Terms
declining balance depreciation
Browse Dictionary by Letter: