RECORD DATE, in securities, is the date for determining who is entitled to payment of principal and interest on a security.
EARNED INCOME is that income realized by the provisioning of goods and services.
SALVAGE VALUE is: a) Realizable value of a fixed asset after deducting costs associated with its sale; b) Scrap value or the value to a junk dealer; or c) The amount remaining after all depreciation has been deducted from the original cost of a depreciable asset.
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