Examlex
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360-Day Year
A financial concept that simplifies the calculation of interest over periods when the actual number of days in a year is considered to be 360.
Commission
A fee or percentage of a transaction paid to an agent or employee for facilitating or completing a sale.
Accrued Interest
Interest that has accumulated but remains unpaid.
360-Day Year
A financial convention that simplifies interest calculation by assuming a year has 360 days.
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