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What Are Commitment Fees and What Effect Does It Have

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What are commitment fees and what effect does it have on the loan?


Definitions:

Alcohol-Based

Refers to products, particularly sanitizers or disinfectants, that contain a significant percentage of alcohol to kill bacteria and viruses.

Washing Hands

The act of cleaning one's hands with soap and water or an alcohol-based hand rub to reduce the spread of germs and prevent infections; a rephrased definition of Hand Hygiene.

Contact Isolation

Infection control measures designed to prevent the spread of diseases that can be transmitted through direct or indirect contact with an infected individual.

Personal Protective

Equipment worn to minimize exposure to hazards that cause serious workplace injuries and illnesses, such as gloves, goggles, and face shields.

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