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In the act stage of the Deming cycle, improvements become standardized and the plan is implemented as a "current best practice" and communicated throughout the organization.
Child Support
Financial support paid by a parent to help cover the living expenses of their child or children.
Property Settlement
An agreement reached between divorcing spouses regarding the division of property and assets.
Penalty On Early Withdrawal
A financial charge or loss imposed on an individual for withdrawing funds from an account before a specified date or maturity period.
Savings
Money set aside for future use, often held in bank accounts, investments, or other financial instruments.
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