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Find the probability.
-A fair die is rolled. What is the probability of rolling an odd number or a number less than 3?
Revolving Loan
A loan that provides the borrower with the ability to draw down, repay, and re-borrow funds up to a designated amount over a given period.
Prime Interest
The interest rate that commercial banks charge their most creditworthy customers, often used as a reference rate for loans.
Float
The time difference between writing a check and the actual withdrawal of funds from the bank account, or in securities trading, it's the number of shares available for trading by the general public.
Fair Value
An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.
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