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_________Refers to Establishing the Precise Identity of a Particular Person

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_________refers to establishing the precise identity of a particular person.


Definitions:

Exact Interest

A method of calculating interest using a 365-day year or actual number of days in a loan's term, leading to a more precise interest calculation.

365-Day Year

A calendar year used for financial calculations, representing the actual number of days in most years.

Total Amount

The entire sum of money required for or received from a transaction.

Exact Simple Interest

Interest calculated exactly on the principal amount of a loan or investment, without compounding, over a specific period of time.

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