Two trips a. 6/3/2017 - Τι πρέπει να προσέξεις για να κάνεις την σωστή επιλογή αμορτισέρ Ποια είναι η καλύτερη επιλογή για αυτοκίνητα μικρού και μεγάλου κυβισμού Πώς μπορείς να τα προστατέψεις - αμορτισερ, σ tr. Ngày xưa, ở ngôi thứ nhất, thường nói shall và chỉ nói will để nhấn mạnh. 9 Unpaid claims. On 1 May 2014, Noah issues 9%, 20-year debentures with a maturity value of $200 000. 2 Journalise the half-yearly interest payment and amortisation of debenture premium on 1 November 2016. Wiktionary Synonyms: amortize Advertisement Amortise Is. net dictionary. Question: Use the following information to answer this question. g. For Problems 1 to 3: The following information was taken from the records of JUGATE PAIRED Co. You attended the planning meeting with the audit engagement partner and finance director last week and. amortise (third-person singular simple present amortises, present participle amortising, simple past and past participle amortised) ( British spelling ) Alternative form of amortize 1961 July, “Editorial: Sir Brian begs the questions”, in Trains Illustrated , page 386 : Key Takeaways. 1. Valuation Multiples: A Primer November 2001 6 UBS g Wr bu r a Table 3: Goodwill Amortisation and Earnings Multiples Company A Company Bamortises. FINANCE. Noah amortises debenture premium by the straight-line method. reduced. It is often used interchangeably with depreciation, which. For example, Mags Ltd capitalises the costs of its direct mailings to prospective customers ($4. amortization. An upgrade could be possible if collateral coverage continues to increase as the transaction amortises. Past participle: amortised Gerund: amortising Imperative. verb (used with object),am·or·tized, am·or·tiz·ing. Select your game and click a word to make sure it’s legal to play. amortises. On imaging, BPOPs are shown to be continuous with the underlying. Verify if the 9-letter AMORTISES is playable in Words With Friends. ”. The rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability. How Many Words can be Made From SEOITRAMS? Above are the words made by unscrambling S E O I T R A M S (AEIMORSST). Updated 8 years 9 months ago Update StatRevision Question 1. Français. 3 Journalise the interest accrual needed on 31 December 2016. Remember to always amortize the cost of goods out. past simple and past participle of amortize 2. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content . The debentures have a coupon rate of 10% and are compulsorily redeemable on 31 December 20X7 for R12 each. For more information, see How to: Purchase and Release Undepreciable Fixed Assets. reduced. This website is estimated worth of $ 8. 3. Fitch expects CE to continue increasing as the transaction amortises sequentially while the reserve fund remains at its initial balance. IAS 12 requires the recognition of deferred tax on all unrealised intra-group profits. 017. The digital edition of the magazine is distributed free of charge to readers who meet our qualifying criteria. Liabilities. 15. I heavily recommend @beren's "Deconfusing Direct vs Amortised Optimisation". When you make extra repayments, you lower your balance faster than the credit limit amortises. Principal Amortisation, Low LTV: The transaction amortises over time with a few classes having a bullet payment at maturity. Because people use a lot of leverage to buy a house, they are forced to pay a certain amount each month on the mortgage. Tiếng Anh: ·Động từ chia ở ngôi thứ ba số ít của amortise··Cách chia động từ cổ. amorists 10. . Select Speaker Voice. 2 words found. i X Х Requirements Requirement 1. Amortises might refer to; In computer science, amortized analysis is a method for analyzing a given algorithm's complexity, or how much of a resource, especially time or memory, it takes to execute. The system compares the actual slip frequency of the accelerating motor with predetermined slip frequencies. 1 synonym for amortize: amortise. Amortized loan equations come in various types, each tailored to specific financial needs and circumstances. lowered. amortise synonyms, amortise pronunciation, amortise translation, English dictionary definition of amortise. Amortization typically refers to the process of writing down the value of either a loan or an intangible asset. Journalise Clark’s issue of the debentures and first half-yearly interest payment assuming that the. The act or process of amortizing. Relebogile Ltd amortises the premium on debentures over the term of On 1 June 2022 Relebogile Limited issued 12000 15% debentures of R150 ead Time left 0:53:28 The debentures are repayable at nominal value on or before 31 May 2026 and interest is payable annually on 31 May of every year. the changes resulting from manipulating each variable. Unlike IRS, cross currency swaps usually trade with an exchange of principal. All the windings are shorted at the two ends of each pole of the. Copy citation VocabTrainer™ 2 million people have mastered 386,775,275 new words. . The Basel Committee on Banking Supervision has received a number of interpretati ve questions related to the definition of capital incorporated in the Basel III framework. Amortization is the practice of spreading an intangible asset's cost over that. However, we received notice in December 2022 that an additional loan extension was granted by the servicer, in its discretion, until May 2024. Prepaid Rent Dr 30This amortises the cost assuming your database is read more often than written (and most of them are). Mortgages: These are long-term loans used to finance the purchase of homes. Last but not least, we can also apply the Goal Seek feature of Excel to build a chattel mortgage calculator. Yograin. All rights reserved. In the event of a liquidation, senior debt is paid out first, while subordinated debt is only paid out if funds remain after paying off senior debt. Amortization schedules are used by lenders, such as financial institutions, to. The company amortises the balance with 360 monthly payments at an annual interest rate of 4. Yes, FLNG has a younger fleet and so a premium is deserved but surely that large a gap is unwarranted. Revision Question 1. Using the Excel Mortgage Calculator Template. 860k 236 236 gold badges 1584 1584 silver badges 1963 1963 bronze badges. The transaction amortises over time with the class A4 notes having a bullet payment at maturity. How Many Words can be Made From SIMTAREOS? Above are the words made by unscrambling S I M T A R E O S (AEIMORSST). Consequently, they infer that any changes in future contractual cash flows arising as a result of a modification or exchange are also reflected in future periods through the application of a recalculated EIR. Amortises word is driven by the English language. Among these are fixed assets, which they use in the long run to generate revenues. This change in fair value must be attributable to a specific risk that could affect profit or loss. The bonds pay interest on June 30 and December 31. 2 14 500 1 words start with 'AMORTISES' 9 letter Words that start with AMORTISES. Improve this answer. Delta Air Lines drew a massive crowd for a US$9bn package of bonds and loans secured against its SkyMiles loyalty programme last week, adding to the company's growing safety net of liquidity. (This case doesn't exactly. 3. Women's reproduction rates can increase by in-vitro fertilization, which comes with frequent implantation failures. Why Do Deferred Tax Liabilities Matter? They’re part of any M&A deal. The additional knockout of Erbb2 rescues all phenotypes seen in Mig-6 d/d mice. Unscramble letters AMORTISES and make up 767 new words. Using the word 'amortises' in Scrabble will fetch you 11 points while using it in Words with Friends will fetch you 12 points (without taking into consideration the effect of any multipliers). The longest and best-scoring words starting with AMO are listed first. Word finders. of years, denoted by t. For example, if a company spends $1 million on a patent that expires in 10 years, it amortizes the expense by deducting $100,000 from its taxable income over the course of 10 years. Amortises Definition Login | Join PoetrySoup Home Submit Poems Login Sign Up Member Home My Poems My Quotes My Profile & Settings My Inboxes My Outboxes Soup Mail Contests Poems Poets Famous Poems Famous Poets Dictionary Types of Poems Quotes Short Stories Articles Forum Blogs Poem of the Day New Poems Resources Syllable. Synonyms for amortization in Free Thesaurus. Find • Monthly payment. 945*111,242=1,328,785kWh or 1,329MWh. amortizes. Share. A fair value hedge, as defined by IFRS 9. The loan was due to mature in May 2023. v. Fewer examples verb am· or· tize ˈa-mər-ˌtīz also ə-ˈmȯr- amortized; amortizing transitive verb 1 : to pay off (an obligation, such as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund amortize a loan 2 : to gradually reduce or write off the cost or value of (something, such as an asset) amortise. Preview. [1580–90; < French à mort at (the point of) death. Tempo Limited issued 150 000 R10 debentures on 1 January 2018 at R10 each. PEER GROUPLike other streamers, Netflix amortises the cost of content over several years, when in reality most of its shows are binged in a matter of weeks. amortises translation in English - English Reverso dictionary, see also 'amortize, amorist, amortisable, amortisement', examples, definition, conjugationWhat is another word for amortises? Find 198 synonyms for amortises and other similar words that you can use instead based on 2 separate contexts from our thesaurus. ”. Present value. Full text. Noah amortises debenture premium by the straight-line method. Combining the brownfield and greenfield assets under one financing in this way also gives Finerge the flexibility to develop a range of. Of these, the parosteal osteosarcoma is the most common. Ho account of this debt on 31 December x4. amortized. a•mort. The value per kWh from the FiT is €0. (1) A promissory note is an unconditional promise in writing made by one person to another person, signed by the maker,Diaphragm plunger pump amortises in 14 months. . 1). lessened. Below are Total 547 words made out of this word. Module 11 CASH AND ACCRUAL BASIS AND SINGLE ENTRY. com Dictionary, Vocabulary. Its main purpose is to dampen any speed fluctuations or oscillations that may occur as a result of sudden load changes. Thus, for each CU1 of realised gross profits, insurer A amortises DAC by CU0. Have you determined the business model at a level that reflects how groups of financial assets are managed together ? ― Objectives: Are collecting contractualThe latter reached $52. The prognosis of parosteal osteosarcoma is excellent, with a 90% overall survival rate at 5 years. What are synonyms for amortise?Definition of Amortize a Loan. $18 million. If all masters are this good there is no problem to get BP. amortize [sth], also UK: amortise [sth] ⇒ vtr. Commonly used words are shown in bold. (ˈæmərˌtaɪz ; əˈmɔrˌtaɪz ) verb transitive Word forms: ˈamorˌtised or ˈamorˌtising Chiefly British amortize Webster’s New World College Dictionary, 4th Edition. 8 letter words amitoses 10. DETAILS HARMATHAP 126. Verb. Amortized mortgages have a pre-determined monthly payment due for a set number of months. Paragraphs in bold type indicate the main principles. Use the program to find the least monthly repayment (correct to nearest dollar) that will fully amortise the above loan in exactly 20 years (12 x 20 = 240 payments). The useful life of an intangible asset may be very long but it is always finite. Thanks to this rental formula, MCB Atelier amortises its investment by dividing the modules among several customers. Tempo Limited issued 150 000 R10 debentures on 1 January 2018 at R10 each. Choose the icon, enter Fixed Assets Setup, and then choose the related link. The loan was due to mature in May 2023. b. 5. 3 /5. PDF. It is also used to accelerate the motor during starting. Fill in the fields as necessary. A tax deduction for the gradual consumption of the value of an asset, especially an intangible asset. 2 synonyms for amortization: amortisation, amortisation. 15. They are composed of a dense osteoid component attached to the outer cortex over a narrow zone. Crossword Solver, Scrabble Word Finder, Scrabble Cheat, BoggleAmortises Total Number of words made out of Amortises = 547 Amortises is an acceptable word in Scrabble with 11 points. Notional pooling results in bank balances. ILLUDE definition: to trick or deceive | Meaning, pronunciation, translations and examplesOn January 1, 2024, Technicians Credit Union (TCU) issued 6%, 20-year bonds payable with face value of $800,000. American. Construct a complete Amortization Schedule using the headings below for your Mathematics for Finance and Business 1B-MATDCB1 - Assignment 1 - 2020 -3- Periods Principal Outstanding at the. The key difference between prepaid expenses and accrued expenses is that prepaid expenses are payments made in advance for goods and services that are expected to be used in the future and are recognized as current assets in the company's balance sheet while accrued expenses are costs that a company has already incurred during business. 000. Answers. Learn to win at any game with our many tools and word lists. Definitions of amortise verb liquidate gradually synonyms: amortize see more Cite this entry Style: MLA "Amortise. Third-person singular simple present indicative form of amortise. A squirrel cage winding placed near the surface of the pole faces of a synchronous motor. The presence of a parosteal lipoma in the clavicle, scapula, forehead, and the spine was extremely rare. eliminate. See Also. The Amorites are next found in Genesis 14. To amortize a loan usually means establishing a series of equal monthly payments that will provide the lender with: An interest payment based on the unpaid principal balance as of the beginning of the month. Tempo paid transaction costs of R100 000. 1 table. ILLUDE definition: to trick or deceive | Meaning, pronunciation, translations and examples On January 1, 2024, Technicians Credit Union (TCU) issued 6%, 20-year bonds payable with face value of $800,000. A tax deduction for the gradual consumption of the value of an asset, especially an intangible asset. 68. A tax deduction for the gradual consumption of the value of an asset, especially an intangible asset. An upgrade could be possible if collateral coverage continues to increase as the transaction amortises. purchased assets worth Rs. Counterfactual queries can be mathematically formulated as a three-step procedure [2. Advertisements. Starts With1. The price of a bond with an 8% coupon rate paid semi-annually, a par value of $1,000, and fifteen years to maturity is the present value of. My rental covers maybe 60% of the bond plus ownership costs. The efficiency of a plant is the relationship between power output and power input. Phase 1 amortises the cost of computing the implications of dif-ferent parameter values for model behaviour. Factors that could, individually or collectively, lead to negative rating action/downgrade:(ii) if the cedant defers and amortises gains and losses arising on buying reinsurance, the amortisation for the period and the amounts remaining unamortised at the beginning and end of the period. “A newer trailer allows you to amortize the initial cost over more years and maximize the benefits of the features you request. However, Fitch expects LTVs for the senior tranche to be consistently in the mid 90% range in the agency's 'A' category stress scenario. 24 Apr 2014. Assume that an economy has 1,000 workers, each working 2,000 hours per year. more . Osteosarcoma arising from cortical surface is classified into parosteal, periosteal and high-grade surface osteosarcoma. Amortises meaning in Hindi is and it can write in roman as . Business. The bonds pay interest on June 30 and December 31. Thường nói will; chỉ nói shall để nhấn mạnh. The number of years over which a loan will be completely paid by regular monthly payments of principal and interest. A financial guarantee is a specific type of a financial liability defined in IFRS 9. 38%), followed by the arm in 10 patients (15. Amortises is an accepted word in Word with Friends having 12 points. Find all the words that end with AMORTISES. 0. 1. lowered. Expert Answer. 1. a probabilistic decoder), and h k is a ‘low-level’ invertible mapping (e. Worker-hours multiplied by labor productivity. The word 'amortises' is made up of 9 letters. Purchase and release the intangible asset. Using the Excel Mortgage Calculator Template. Amortises word meaning in English is well described here in English as well as in Urdu. All the windings are shorted. ) gradually or in installments. redeem. Rare words are dimmed. 100 each at Rs. For example, if a company spends $1 million on a patent that expires in 10 years, it amortizes the expense by deducting $100,000 from its taxable income over the course of 10 years. Cash purchases – gross 1,200,000 Trade accounts payable – beg. O amortecimento, ou atrito interno, é um fenômeno físico observado em sistemas mecânicos que experimentam a dissipação de energia mecânica sob a forma de calor, ruído, atrito viscoso, por histerese ou atrito seco. Amortized Cost is the amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. After pET, the overall ongoing pregnancy rate was 42. Rare words are dimmed. amortise UK. Instead, they talk in terms of the credit limit on your loan and the outstanding balance. Find more similar words at wordhippo. See a - 5, mort 1]GumTree amortises debenture discount by the straight-line method. Comparing notional pooling to interest optimisation, the key difference is in the regulatory capital required on the bank's side. e. “A newer trailer allows you to amortize the initial cost over more years and maximize the benefits of the features you request. 566 words found in the Scrabble word, amortises. . A tax deduction for the gradual consumption of the value of an asset, especially an intangible asset. paxdiablo paxdiablo. Hitta alla ord som innehåller bokstäverna amortises. the process of reducing a cost or total in regular small amounts: 2. Students also studied. AMORTISE definition: → amortize | Meaning, pronunciation, translations and examples in American English amortization definition: 1. Intangible assets are classified into two different categories: definite life and indefinite life. Advanced Options . You can use this amazing English to Urdu dictionary online to check the meaning of other words too as the word Amortises. Here is a compilation of top six accounting problems on debentures with its relevant solutions. Synonyms for amortised include repaid, remunerated, paid off, paid back, payed, paid, settled, paid up, anted up and ponied up. Bookmark. ”. There are differing views in the working party as to whether this is commercially desirable orNe jouez pas le mot amortises, 5 anagrammes, 0 préfixe, 0 suffixe, 10 sous-mots, 2 cousins, 1 lipogramme, 1 épenthèse, 37 anagrammes+une. Clark issued $80,000 of 10-year, 8% debentures on 1 January 2021. It is often used interchangeably with depreciation, which. However, some investors think that recognising all identifiable assets acquired and liabilities assumed in a business combination at fair value does not provide any useful information. Find all words that contain AMOR and further filter the results in the advanced options!In key rating scenarios, the assumed set-off loss is 10%-15% of the initial portfolio balance before class A fully amortises. A recognises that amount as a prepayment on the lease and amortises the resulting asset on a straightline basis over the period of the lease. 3 Policyholder account balances 37. In the Fixed Asset Card window, select Intangible Asset in the FA Type field. (The firm insists its amortisation schedule is. An economic and an ecological evaluation shows a. . . If your cross currency swap amortises, then there will be principal payments at some points in the schedule, which will need to match those in the hedging swaps. Doc Preview. of years, denoted by t. The longer the amortization period, the more interest the borrower is going to pay, and therefore, the higher the cost of borrowing. Counterfactual queries can be mathematically formulated as a three-step procedure [2. Requirement 1 is correctly done. It is often used interchangeably with depreciation, which. 1. If we take an example, then in the case of Chelsea’s recent purchase of Romelu Lukaku, a club amortises €90 million over a five-year deal which means € 19. present perfect; I: have been amortising: you: have been amortising: he, she, it: has been amortising: we: have been amortising: you: have been amortising: they: have. . amortises <<. 2. This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. EurLex-2 (b) that event has a reliably measurable impact on the amounts that the cedant will receive from the reinsurer. 1. Unlike IRS, cross currency swaps usually trade with an exchange of principal. Αγόρασε εύκολα μέσω Skroutz!Αρχική >. amortise. However, some investors have doubts about the company as they are uneasy about certain accounting policies the company has adopted. Financial Accounting and Reporting (FAC1601)2 days ago. Open the card for a fixed asset. Search for crossword clues found in the Daily Celebrity, NY Times, Daily Mirror, Telegraph and major publications. IFRS does not permit amortisation of goodwill. Transformed. lessened. The company amortises its long-term debt over a period of five years. Step 3: Next, determine the loan tenure in terms of no. Iii deferred expenditure the group amortises cost of. Initial balance=€32 500±4200 (€45 000 (a)–€12 500 (c)). An amortized loan payment pays the relevant interest expense for the. This is a satire channel. The business can issue its debentures under various conditions. Opposite of pay back. To reduce gradually an obligation, such as a mortgage, by periodically paying a part of the principal as well as the interest. Requirements 1. When calculating the effective interest rate, an entity shall estimate the expected cash flows by considering all the contractual terms of the. 3 Journalise the interest accrual needed on 31 December 2016. Series B amortises from 2030-2047, leaving a debt-free period of seven years under the U&O agreement. Type up to 14 letters then click the search icon. What Is Amortization? How Amortization Works in Real Estate. This feature is unlike commercial loans and bonds, which tend to be fixed-rate instruments, repaid in a. To alienate (property) in mortmain. We have found 13 Words. The parallelism amortises the latency, so the bottleneck ends up being your actual network bandwidth, which is what we want. There are differing views in the working party as to whether this is commercially desirable orModule 11 CASH AND ACCRUAL BASIS AND SINGLE ENTRY. Anagrams of amortises. Cash purchases – gross 1,200,000 Trade accounts payable – beg. Question 16abc. Under notional pooling, the bank can (partially or wholly) offset the corporate's debit and credit balances thus reducing its. The commission consists of a $\$ 20$ transaction charge and a fee of $\$ 3$ per bond. As no active threats were reported recently by users, amortises. It amortises itself after 2 and a half year, which is not that much. Download a template for creating loan amortization reports by going to the. A person amortizes a loan of $ 150,000 for a new home by obtaining a 15-year mortgage at the rate of 12 % compounded monthly. Copyright © 2010 by Houghton Mifflin Harcourt. What does amortisseur winding mean? Information and translations of amortisseur winding in the most comprehensive dictionary definitions resource on the web. com!No drawings have been made under the liquidity reserve facility since issuance. given a bounty to. You define the general behavior or the fixed asset functionality and set up document number series in the on the Fixed Assets Setup page. At the end of 2022 the fixed assets (at carrying value) totalled R2 000 000, inventories R1 280 000, R2 000 000. (Accounting & Book-keeping) to write off (a wasting asset) by annual transfers to a sinking fund. The prevented damages and losses associated with flood events significantly ease the financial burden on private households and district budgets and usually amortises the costs of running and maintaining the LFEWS within a few years. What. For example, if a company spends $1 million on a patent that expires in 10 years, it amortizes the expense by deducting $100,000 from its taxable income over the course of 10 years. As no active threats were reported recently by users, amortises. However, some investors think that recognising all identifiable assets acquired and liabilities assumed in a business combination at fair value does not provide any useful information. Rare words are dimmed. Pull-to-par reflects the reality that as a bond approaches its maturity date, it will begin to ‘pull’ to its par value as default risk becomes increasingly negligible and the cash price of the bond amortises to 100. Due to the extremely low incidence, to this date studies on. atomisersNoah amortises debenture premium by the straight-line method. Read the requirements. Premium Course. Le mot AMORTISES vaut zéro au scrabble. Antonyms for amortises. Accounting questions and answers. The forearm was noticed to be the most common location of parosteal lipomas in the reviewed studies as it appeared in 22 patients (34. · Trả dần, hoàn dần; trừ dần (món nợ). com!Synonyms for amortise in Free Thesaurus. third-person singular simple present indicative of amortiseThe transaction amortises over time with the class A4 notes having a bullet payment at maturity. 4 Journalise the interest payment on 1 May 201 A company purchase an equipment at a price of RM368 000 and makes a down payment of 10% of the purchase price. Define amortise. formerly, in the law of property, to transfer lands in MORTMAIN. What are synonyms for amortises?risk margin relief, which amortises over time. So, just follow the steps shown below. Verb. Unscramble ITOSAMERS. Definition in the dictionary English. 5/19/2020. Amortized Cost is the amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets,. Amortized Loan: An amortized loan is a loan with scheduled periodic payments that consist of both principal and interest. Factors that could, individually or collectively, lead to negative rating action/downgrade:As verbs the difference between amortised and amortises is that amortised is past tense of amortise while amortises is third-person singular of amortise. to reduce a debt or cost by paying small regular…. 85x over 2023-2032. It was agreed to pay the purchase price of Rs. 1. As per the terms of issue, the debentures are to be redeemed at the end of five years. Translation for 'amortises' in the free English-German dictionary and many other German translations. Webster's New World Alternative form of amortize. Amortises is a 9 letter long Word starting with A and ending with S. A mortgage loan is one of many loans that undergoes a process called amortization. Requirements 1 Journalise the issue of the debentures on 1 May 2014. Question 3 A person amortises a loan of R15000. Definition. The transaction has a liquidity facility of EUR14. amortization (1) In mortgages,the gradual payment of a loan,in full,by making regular payments over time of principal and interest so there is a $0 balance at the end of the term. A portion of each monthly payment goes towards interest and represents the cost of borrowing. Related: Basics Of Accounting - Terminology, Principles And Concepts. Starts WithWed 08 Mar, 2017 - 3:23 AM ET. The full list of. For example, if a company spends $1 million on a patent that expires in 10 years, it amortizes the expense by deducting $100,000 from its taxable income over the course of 10 years. Encyclopedias. Many translated example sentences containing "amortises" – Italian-English dictionary and search engine for Italian translations. Opposite of to pay or give what is owed. In the Fixed Asset Card window, select Intangible Asset in the FA Type field. It amortises itself after 2 and a half year, which is not that much. Past tense for to decrease in amount or degree. Advertisement In essence, amortisation is the player’s transfer price divided by the term of the contract.