Examlex
Distinguish between Char and VarChar data types.
Prompt Payment Discount
A discount offered by sellers to buyers for paying their invoices early.
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.
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