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Quotes of the day:
Truth may be stretched, but cannot be broken, and always gets above falsehood, as oil does above water.
In accounting, accrued interest refers to the amount of interest that has been incurred, as of a specific date, on a loan or other financial obligation but has not yet been paid out. Accrued interest can either be in the form of accrued interest revenue, for the lender, or accrued interest expense, for the borrower.
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