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Funding Terms Made Simple

Financial Term

Accounts Payable

Accounts Payable is a standard accounting category on a company’s balance sheet that includes all of your due bills – in accounting-speak, obligations to pay for goods and services received. These are sometimes called...

Debt Term

Simple interest

While it is rarely offered, debt that charges simple interest would apply that interest rate just once during the relevant period of time, typically one year. For example if your uncle loaned you $10,000 to start your...

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