Examlex
One reason many large consumer-product companies make use of ________ is to have greater control over new-product development and product promotion.
Corporate Ladder
A metaphor for the structured hierarchy within a corporation, indicating possible paths for career advancement.
Technical Default
A violation of a technical term or condition in a loan agreement, such as failing to maintain insurance, rather than failing to make payments.
Loan Covenants
Conditions set by lenders that borrowers must agree to and maintain to remain in compliance with the terms of the loan agreement.
Interest Payments
The payments made by a borrower to a lender for the use of borrowed money, typically expressed as an annual percentage of the principal.
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