Examlex
Find the probability of the following card hands from a 52-card deck. In poker, aces are either high or low. A bridge hand is made up of 13 cards.
-In bridge, 4 aces
Administrative Fee
Charges imposed by investment funds or companies to cover operational and management expenses.
Net Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity of the business.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.
Revolving Credit Agreement
A banking agreement that allows the borrower to withdraw, repay, and redraw loans advanced to them up to a specified amount.
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