Examlex
The three aspect of validity are ______ validity.
Receivables
Payments due from clients to a business for the delivery of goods or services that have not yet been compensated.
Collateral
An asset or property that a borrower offers to a lender as security for a loan, which the lender can seize if the borrower fails to make required payments.
Installment Loan
A loan that is repaid over time with a set number of scheduled payments.
Stated Annual Rate
The interest rate of a financial product, such as a loan or savings account, as advertised before the effects of compounding and fees.
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