Examlex
The coding scheme used by a computer depends on whether the data is numeric or character data.
Prime Rate
The interest rate banks charge their largest and best commercial customers.
Compensating Balances
Minimum balance requirements imposed by banks on corporate customers in exchange for banking services or loans.
Trust Receipts
Documents acknowledging the receipt of goods by a trustee while detailing the terms of an agreement for selling or holding the goods.
Collateral
An asset backing a loan. In the event of default the collateral becomes the property of the lender to satisfy the obligation. Also called security for the loan.
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