Examlex
An ascribed status system is based on individual accomplishments.
Compensating Balance
Compensating Balance is a minimum bank account balance that a borrower must maintain as part of a loan agreement, often used by banks as a requirement for extending a loan.
Interest Rate
The percentage of principal charged by the lender for the use of its money or the return earned on deposited funds.
Effective Interest Rate
The actual return on an investment, taking into account the effect of compounding interest.
Cash Cycle
The process that manages the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
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