PLAIN-LANGUAGE DEFINITION
The length of time over which a loan is repaid, typically expressed in months or years. Longer terms result in lower monthly payments but more total interest paid.
What to check
Test the assumptions and consider what happens if revenue or costs differ from your plan.
Where this connects to Impresa
You may encounter this concept when reviewing Capital Planning. Start with the underlying inputs and check the applicable reporting period before interpreting the result.
Read the Capital Planning guideA NOTE ON INTERPRETATION
NEXT DEFINITIONInterest Rate ↗Definitions here explain the concept. Accounting treatments, formulas, and industry comparisons may vary. Use your own records and qualified advice for material decisions.