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How are the cash flows allocated when actual prepayments fall below a PAC collar's lower bound?
Effectiveness
The degree to which something achieves its intended outcome or successfully produces a desired result.
Durability
The ability of a product or material to withstand wear, pressure, or damage, indicating its quality and longevity.
Equity
The principle of fairness or justice in the way people are treated within social, economic, and legal contexts.
Informal Rewards
Non-monetary or unofficial incentives given to employees, such as praise, recognition, or additional responsibilities, to motivate and encourage positive behaviour.
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