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Which language is considered the language of World Business?
Discount Method
A valuation approach that calculates the present value of future cash flows by applying a discount rate.
Discount Date
The date on which a payment must be made in order to receive a discount for early payment under specified terms.
Due Date
The specified date by which an obligation, such as a bill or assignment, must be completed or paid.
Remittance
The process of sending money in payment or as a gift, often referring to funds that are sent by migrants back to their country of origin.
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