ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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RISK-FREE RATE Definition
RISK-FREE RATE is the rate of return available in the market on an investment free of default risk.
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INTERNAL CONTROLS include policies and procedures that (a) pertain to the maintenance of accurate and reasonably detailed records, (b) provide reasonable assurance that transactions are properly recorded and authorized, and (c) safeguard assets.
LOSS, in finance, is when expenses exceed sales or revenues, i.e. goods or services are sold for less than their cost.