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lend

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

To loan money for a limited time in exchange for the borrower’s promise of repayment and
interest compensation.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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