BORROWING COSTS Definition

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BORROWING COSTS is the financial costs incurred by an enterprise in connection with the borrowing of funds, i.e. interest, amortization of discounts or premiums arising on the issue of debt securities, loan fees, gains and losses on foreign currency differences related to borrowed funds and regarded as an adjustment to interest costs.

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STRIPPED YIELD is the annual dollar dividend of a pre­ferred stock divided by its stripped price.

TESTIMONY is evidence given by a competent witness under oath.

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