Examlex
What is the main difference between a conglomerate and a sedimentary breccia?
Cost Of Borrowing
The total expense that a borrower pays to secure and utilize a loan, including interest rates, fees, and other charges.
Revolving Loan
A loan that provides the borrower with the ability to draw down, repay, and re-borrow funds up to a designated amount over a given period.
Prime Interest
The interest rate that commercial banks charge their most creditworthy customers, often used as a reference rate for loans.
Float
The time difference between writing a check and the actual withdrawal of funds from the bank account, or in securities trading, it's the number of shares available for trading by the general public.
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