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360-Day Year
An accounting concept that simplifies interest calculations by using thirty-day months across a full year.
Commission
A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the sale.
360-Day Year
An accounting convention that uses 360 days in a year for calculating interest on loans and other financial instruments.
Commission
A service charge assessed by a broker or agent for providing assistance in the execution of a transaction.
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