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Financial Cost
Expenses associated with borrowing funds or purchasing on credit, including interest expenses, fees, and other charges.
Balance
This term refers to the total amount of money in a financial account, the difference between credits and debits in an account, or the equilibrium between opposing forces or actions.
Construction Loan
A short-term loan used to finance the building of a home or another real estate project.
First Mortgage Bonds
Bonds that are secured by a first priority claim on a specific set of assets, usually property or real estate, in the event of the issuer's bankruptcy or default.
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