Examlex
The election to use ADS is made on a year-by-year,property-class by property-class basis for real and personal property.
Cheque Processing Time
The period it takes from when a cheque is issued until the funds are available in the payee’s account, reflecting bank processing durations.
Trade Discount
A reduction in the listed price of a product or service offered by sellers to buyers in the business-to-business sales.
Break-Even Default Rate
The rate at which the losses from defaulted loans equal the income generated from interest payments in a lending portfolio.
Net 30 Credit Policy
A common credit term indicating that payment is due in full 30 days after the goods are dispatched or a service is completed.
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