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The effective interest on a 12-month, zero-interest-bearing note payable of $300,000, discounted at the bank at 7% is
Crime
A wrong against society proclaimed in a statute and punishable by society through fines and/or imprisonment—or, in some cases, death.
White-Collar Crime
Nonviolent crime committed by individuals or corporations to obtain a personal or business advantage.
Illegal Act
An action that is forbidden by law, regulation, or statute, leading to legal penalties if committed.
Business Advantage
An edge or benefit that one company has over its competitors, leading to greater sales or profits.
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