Examlex
What is the purpose of North American Industry Classification System (NAICS)codes?
Credit Loss
Credit Loss is the loss incurred by a lender when a borrower fails to repay a loan, and the recoverable amount is less than the outstanding balance.
Effective Interest Rate
The real cost of borrowing, taking into account the effects of compounding interest.
Debt Security
A financial instrument representing a loan made by an investor to a borrower, typically corporate or governmental, where the borrower is obligated to pay back with interest.
Expected Cash Flows
The estimated amount of money to be received or paid out over a period in the future.
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