Examlex
Which one of the following is characteristic of a base?
Focal Date
A specific point in time that serves as a reference or target for events or operations.
Equivalent Payment
A term related to finance that typically involves finding a payment amount that equates to an equal value under different conditions.
Scheduled
Planned or organized for a certain time or date.
Focal Date
In finance, it refers to a specific point in time used as a reference or base date for calculating the value of financial instruments or for determining the timing of cash flows.
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