USAGE VARIANCE Definition

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USAGE VARIANCE is the difference between the budgeted quantity of materials and the actual quantity used.

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CAPITALIZED INTEREST is the accrued interest added to the principal balance of a loan while you are not making payments or your payments are insufficient to cover both the principal and interest due. When this occurs, you are paying interest on interest, sometimes called "negative amortization".

FACE VALUE is the value printed or written on the face of a asset, e.g. on a bill or bond.

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