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Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
George Fitzhugh
Defective Furniture
Furniture that has imperfections or faults diminishing its value or utility, often leading to discounts or the need for replacement.
Collection Fee
A charge assessed for the service of collecting delinquent payments on loans or bills.
Credit Card Sales
Credit card sales refer to transactions in which goods or services are purchased by customers using credit cards as the method of payment.
Cash Equivalents
Short-term, highly liquid investments with original maturities of three months or less, easily convertible into a known amount of cash.
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