Examlex
Explain to a client the significance of the income and principal categorization scheme used for fiduciary accounting purposes.
Net 30 Credit Policy
A credit term indicating that payment is due in full 30 days after goods are delivered or services are performed.
Monthly Interest Rate
The interest rate applied each month on a loan or investment, often derived from the annual interest rate divided by twelve months.
Variable Cost
A variable cost is an expense that varies depending on a company's production volume; they rise as production increases and fall as production decreases.
NPV
An alternate expression for Net Present Value, it represents the difference between the present value of cash inflows and the present value of cash outflows over a period of time.
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