LOAN CAPITAL Definition

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LOAN CAPITAL is part of a company's capital made up of loans from outside the company.

Learn new Accounting Terms

TAXABLE INCOME is that income that is reported to the government for the purposes of calculating income taxes. Taxable income normally is not aligned with the financial income reported within financial statements. See FINANCIAL INCOME.

LIQUIDATOR is a person appointed by a court of law or unsecured creditors who liquidates assets or preserves them for the benefit of affected parties.

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