Examlex
Concept testing is a type of exploratory research.
Outlays
Expenditures or the amount of money expended in the course of conducting business or executing a project.
Collateral
Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.
Fixed-Rate Mortgage
A mortgage with an interest rate that remains constant throughout the life of the loan.
Acceleration Clause
A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.
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