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If a pattern is evident in the points plotted on a control chart, the points are always considered evidence that the process is in control.
Demand Note
A loan or debt instrument that is repayable on demand at the choice of the lender at any time.
Lump Sum
A single payment made at a particular time, as opposed to multiple payments over time.
Installment Loan
is a type of loan that is repaid over time with a set number of scheduled payments, typically monthly.
Outstanding Principal
The remaining amount of money borrowed on a loan or bond that has not yet been repaid.
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