Examlex
A ________ is a document that lists items to be ordered, quantity, vendor information, and the date.
Down Payment
An initial upfront portion of the total amount due, typically associated with the purchase of expensive items like a home or car, which reduces the amount needed to be borrowed.
Lump Sum
A large single payment of money instead of a series of smaller payments or installments.
Annual Payments
Regular payments made once a year, often associated with loans, annuities, or other financial agreements.
Interest Rate
It's the rate, in the form of a percentage of the principal, charged by lenders to borrowers for asset usage.
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