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Discuss the process by which the competition among chieftains in Iceland became so intense that 36 chieftains became 5 and then 1.
Administrative Fee
Charges imposed by investment funds or companies to cover operational and management expenses.
Net Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity of the business.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.
Revolving Credit Agreement
A banking agreement that allows the borrower to withdraw, repay, and redraw loans advanced to them up to a specified amount.
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