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Substantive due process is based on the idea that if a law is properly passed by a legislature, it cannot be declared unconstitutional even if it is unfair or arbitrary.
Variable Cost
Costs that vary directly with the level of production or service delivery.
Carrying Cost
Expenses associated with holding or storing inventory, including insurance, storage, and opportunity costs of invested capital.
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period, used in capital budgeting to analyze the profitability of an investment.
Default Probability
The likelihood that a debtor will fail to make required payments on their debt.
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