Examlex
The best interpretation of the word credit is the
Nominal Rate
Nominal Rate is the interest rate before adjustments for inflation, reflecting the actual monetary cost of borrowing.
Opportunity Cost
Missing out on possible advantages from other choices when a specific choice is made.
Benefit
is an advantage or profit gained from something, or a payment or gift made by an employer, the state, or an insurance company.
Present Value
The existing worth of a forthcoming monetary sum or cash flows, assessed with an agreed-upon rate of return.
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