Examlex
Rewrite the following sentences, removing general language, wordiness, clichés, and slang.
-Working in the summer heat without drinking fluids made Jen as sick as a dog.
Bank Line
A bank line or line of credit is an arrangement between a financial institution and a customer that sets the maximum loan balance that the borrower can access.
Interest Payments
Interest payments are the amounts paid by borrowers to lenders as compensation for the use of borrowed money or assets, typically expressed as an annual percentage rate.
Compensating Balances
Compensating balances are minimum account balances that a company agrees to maintain in a bank account as part of a borrowing arrangement to offset bank service charges or qualify for better loan terms.
Cash Discount
A reduction in the invoice price offered by sellers to buyers for prompt payment of their bill, aimed at encouraging early payment.
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