Examlex
What is the audit committee of the board of directors of a company is responsible for?
ARM
Adjustable Rate Mortgage; a type of mortgage loan where the interest rate varies throughout the loan period based on an index.
Equity
The amount of a home that an owner actually owns.
Loan Balance
The amount of money that remains to be paid on a loan, excluding interest or fees that may accumulate.
Sales Tax
A percentage paid to the government of sales on products or services.
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