Examlex
New York is a community property state.
Interest
The cost of borrowing money, typically expressed as a percentage of the principal amount.
Discount Period
The discount period is the timeframe during which a seller offers a buyer a reduction in the amount owed if payment is made within a specified time.
Discounted Note
A debt instrument sold for less than its face value that will pay the face value at maturity, effectively representing a loan made by the buyer to the issuer.
Discount Period
The time frame during which a payment can be made at a reduced price or with a deduction from the usual cost.
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