Examlex
Redundancy is an ineffective method of repeating and reinforcing an idea that you expressed earlier in your message.
Installment Contract
A contract that requires payments to be made in regular intervals over a period in exchange for goods or services.
Net Realizable Value
The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.
Repossessed
The act of taking back an asset, typically used when a borrower fails to make payments on a secured loan.
Deferred Gross Profit
Profit on installment sales that is not recognized immediately but deferred and recognized as payment is received.
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