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The rise of the national convention was important because it
Interest
The cost paid for borrowing money, typically expressed as a percentage rate over the period of borrowing.
Profit Distribution
The process of allocating a company's profits among its shareholders, typically in the form of dividends.
Withdrawals
Withdrawals refer to the act of taking out cash or assets from a business by its owners for personal use, impacting the owner's equity.
Capital balances
The amount of money that partners or owners have invested in a business minus any withdrawals they have made from the business.
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