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Delusions involve
Compensating Balance
A minimum bank account balance that a borrower agrees to maintain with a lender as part of the terms of a loan.
Rate of Interest
The percentage of a sum of money charged for its use, typically expressed as an annual percentage.
Equity Financing
The method of raising capital through the sale of shares in a company, thereby granting shareholders ownership interests.
Five C's of Credit
are criteria that lenders use to evaluate the creditworthiness of a borrower: character, capacity, capital, collateral, and conditions.
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