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Interest rates are always for an annual period unless stated otherwise.
Current Liabilities
Obligations expected to require cash in less than one year, usually payables and accruals.
Temporary Working Capital
Additional working capital needed to support the fluctuating levels of business activity.
Cyclical Nature
Describes a pattern that repeats in cycles, often used in economics to describe the fluctuations in the economy over periods of expansions and recessions.
Seasonal
Pertaining to or occurring during a particular season of the year, often implying changes in business activities, market demand, or weather patterns that recur annually.
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