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A note is dishonored when it is not fully paid at maturity.
English Auction
A bidding process where the price ascends and the highest bid wins, commonly used in auction houses and online marketplaces.
Willingness To Pay
The maximum amount an individual is prepared to spend on a good or service, reflecting the perceived value.
Revenue
The total amount of money generated from the sale of goods or services before any expenses are subtracted.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).
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