PURCHASE MONEY INTEREST Definition

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PURCHASE MONEY INTEREST is that interest associated with the purchase money mortgage.

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PURCHASING POWER is the value of a particular monetary unit in terms of the amount of goods or services that can be purchased with it, i,e, the ability to purchase, generally measured by income.

SHORT TERM DEBT is any debt owed by a company that is due and payable within one year. The debt is often made up of short-term bank loans the company is liable for.

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