Long-term liabilities and notes payable

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Last updated 11:10 PM on 8/12/24
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5 Terms

1
New cards

The structured process of paying both the principal and interest over a period of time.

  • Loan amount

  • Interest rate

  • Amortization

  • Loan structure

Amortization

2
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The amount of money borrowed from a lender.

  • Loan amount

  • Interest rate

  • Term

  • Amortization

Loan amount

3
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The number of months or years the business will pay on its loan before receiving full ownership of the asset.

  • Loan amount

  • Interest rate

  • Term

  • Loan structure

Term

4
New cards

The percentage of the existing principal loan balance you must pay the lender for borrowing money.

  • Loan amount

  • Interest rate

  • Amortization

  • Loan structure

Interest rate

5
New cards

The actual terms of the loan including the repayment schedule and any special conditions or clauses outlined by the lender.

  • Loan amount

  • Interest rate

  • Term

  • Loan structure

Loan structure