TIME INTERVAL CONCEPT Definition

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TIME INTERVAL CONCEPT, in accounting, requires that financial statements be prepared at regular intervals, e.g. monthly, quarterly, annually.

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EXTENSION SWAP is selling one security and purchas­ing another security with a longer maturity date to improve yield.

PROMISSORY NOTE, usually just called a note, is a NEGOTIABLE INSTRUMENT wherein the maker agrees to pay a specific sum at a definite time.

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