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Why is it important for athletes to practice in realistic settings?
Liable
Legally responsible or obligated.
Compensating Balance
A compensating balance is a minimum account balance that a borrower must maintain with a lender as part of the loan agreement.
Effective Interest Rate
The real rate of interest earned or paid on an investment or loan, taking into account the effect of compounding.
Pledging Receivables
Borrowing money using receivables as collateral.
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