Examlex
Which of the following refers to a standard for transmitting information in the form of radio waves over distances up to about several miles?
Commitment Fee
A charge imposed by a lender on a borrower for not utilizing a credit line or for funds that have not been disbursed.
Revolving Credit
A flexible credit line that allows individuals or businesses to borrow, repay, and borrow again up to a certain limit, commonly seen in credit cards and lines of credit.
Interest Expense
It refers to the cost incurred by an organization or individual for borrowing funds, typically represented as a yearly interest rate applied to the loan's principal amount.
Prime Rate
The interest rate that banks charge their most credit-worthy customers, often used as a benchmark in lending rates.
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