CONTRACT RATE OF INTEREST Definition

Bookmark and Share

CONTRACT RATE OF INTEREST is the interest rate specified in a contract.

Learn new Accounting Terms

REASONABLE PERSON is a phrase to denote a hypothetical person who exercises qualities of attention, knowledge, intelligence, and judgment that society requires of its members for the protection of their interest and the interest of others.

TRADE ACCEPTANCE is a draft drawn by the seller of goods upon the buyer who agrees to pay usually by signing "accepted" on the draft along with the buyers signature.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.