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Which of the following is NOT an example of sales promotion?
Minimum Financial Tests
Financial benchmarks or ratios a company must achieve or maintain to comply with certain agreements, often related to debt covenants.
Borrower Must
Obligations or conditions a borrower needs to fulfill as per the terms of the loan agreement.
Debt Covenants
Specific agreements entered into by a borrower and lender, included in the terms of a loan or bond issuance, which place restrictions on the borrower to protect the lender.
Repayment Capacity
An assessment of a borrower's ability to repay a loan based on their financial situation.
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