ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SERVICE CHARGE Definition
SERVICE CHARGE is an additional charge for a service for which there is already a basic fee; also called service fee.
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SENSITIVE ASSETS are those assets that can be affected by uncontrollable external factors. There are interest rate sensitive assets (assets yielding cash-flows at some fixed points in the future) and theft-sensitive assets (inventory for example).
IOU is an informal debt instrument in the form of a written promise to pay back money owed; e.g., personal loans and professional services.