Examlex
Rules used in automated decision systems (ADS) can be derived based on experience.
Loan Papers
Official documents that outline the terms, conditions, and agreements of a loan between a borrower and a lender.
Lump-sum Payment
A lump-sum payment is a single payment made at a particular time, as opposed to multiple payments over time.
Indifferent
In finance, this refers to a state or condition where a particular choice does not make one better or worse off than another choice.
Interest Rate
The fee levied by a lender on a borrower for asset utilization, calculated as a percentage of the principal value.
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