ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CONTRACT RATE OF INTEREST Definition
CONTRACT RATE OF INTEREST is the interest rate specified in a contract.
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CONDUCIVE is tending to bring about or being partly responsible for, e.g. current working conditions may not be conducive to productivity.
SOLE PROPRIETOR is an individual who owns a business as opposed to stock in a corporation. A sole proprietor pays no corporate income tax but has unlimited liability for his/her business debts and obligations. See SOLE PROPRIERTORSHIP.