Examlex
Which of these would have been most apt to be a Progressive reformer?
Term Deposit
A bank deposit with a fixed term and interest rate, where the money must remain deposited for a specified duration, incurring penalties for early withdrawal.
Cash Equivalent
Short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.
Insurance Proceeds
The money received by an insured party from an insurance company to cover a claim.
Accounts Payable
Liabilities owed by a business to its creditors for goods and services purchased on credit, which are due within a short period.
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