FLAT BOND is a bond in default that is quoted and traded without any consideration for accrued interest.
SUNK COST is the cost expended that cannot be retrieved on a product or service.
BELOW THE LINE, in accounting, denotes credits or debits affecting balance sheet accounts rather than the income statement. Extraordinary items may also appear below the net profit line in the income statement, but accounting standards-setters have increasingly favored reflecting most such items in periodic net income.
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