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Break-Even Default Rate
The rate at which the losses from defaulted loans equal the income generated from interest payments in a lending portfolio.
Net 30 Credit Policy
A common credit term indicating that payment is due in full 30 days after the goods are dispatched or a service is completed.
Monthly Interest Rate
The rate of interest applied to a loan or earned from an investment throughout a one-month timeline.
Sales Price
The amount for which something is sold or the price that a buyer pays for a product or service.
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