Examlex
The risk of loss due to the default of the buyer based on his or her inability to pay is known as:
MU/P Ratio
The MU/P Ratio stands for the marginal utility to price ratio, used in economics to analyze consumer choice by comparing the additional satisfaction (utility) received from an increase in consumption of a good relative to its price.
Marginal Utility
The alteration in pleasure or usefulness a person receives from using an extra unit of a product or service.
Laws of Economics
Fundamental principles that govern economic behavior and interactions, such as supply and demand, cost-benefit analysis, and incentives.
Interest-Rate Cost-Of-Funds
The cost to banks or financial institutions of acquiring funds to lend, which can include interest paid on deposits or on borrowed funds.
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