MONETARY ASSETS are measured at their collectible amounts, while nonmonetary assets are measured at historical costs.
PARALLEL PROCESSING is the simultaneous performance of multiple operations, usually in reference to computer systems.
FLAT INTEREST refers to charging interest on the full original loan amount, rather than on the declining balance. With group based loans, for example, a common "interest rate" is "3% per month, flat, for 4 months". This means that a $100 principal amount lent is multiplied by 3%, and then by 4 months to come up with $12 in interest. Thus, $112 would be repaid over 4 months in equal installments.
Enter a term, then click the entry you would like to view.