BOND DISCOUNT Definition

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BOND DISCOUNT is the excess of a bond face value over issued price.

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SEPARATE VALUATION CONCEPT is a recording and measurement rule that relates to the determination of the aggregate amount of any item. In order to determine the aggregate amount of an asset or a liability, each individual asset or liability that comprises the aggregate must be determined separately. This is important because material items may reflect different economic circumstances. There must be a review of each material item to comply with the appropriate accounting standards.

INTERFUND LOAN is an authorized (usually) short term loan from one fund to another.

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