Examlex
Classification of the relevant term of the contract for sale of goods is essential to determining whether the goods sold by description actually correspond with the description.
Retaining Earnings
The practice of holding onto a company's profits to reinvest in the business rather than distributing them as dividends to shareholders.
Net Worth
The total assets minus total outside liabilities of an individual or a company.
Interest Rate
The cost of borrowing money or the return on savings, expressed as a percentage of the principal.
Annual Interest Rate
The percentage of the principal that is paid as a fee over a period of one year for borrowing or saving money.
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