ECONOMIC EVENT Definition

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ECONOMIC EVENT is the transfer of control of an economic resource from one party to another party.

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CAPITALIZED INTEREST is the accrued interest added to the principal balance of a loan while you are not making payments or your payments are insufficient to cover both the principal and interest due. When this occurs, you are paying interest on interest, sometimes called "negative amortization".

CASH COVERAGE RATIO see CASH DEBT COVERAGE RATIO.

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