Examlex
What is the name of the joint found between the proximal and distal phalanges of the first digit?
Credit Sales
Credit sales are transactions where the buyer is allowed to pay for goods or services at a later date, extending credit.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered on credit.
Compensating Balance
A minimum balance that must be maintained in a bank account, often required by banks in return for loans or as part of a service agreement.
Effective Interest Rate
The actual interest rate on a loan or investment, taking into account the effect of compounding, fees, and other factors, more accurately reflecting the true cost or yield than the nominal rate.
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