Examlex
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Short-Term Bank Loan
A loan obtained from a bank that has a short repayment period, typically less than one year.
Best Course of Action
The most suitable or advantageous strategy or decision to take in a given situation.
Annual Rate
The interest rate for a whole year, as opposed to a rate for a shorter period.
Terms of Payment
The conditions under which a seller will complete a sale, often specifying the period allowed to a buyer to pay off the amount due.
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