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A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company […]
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A stipulation in a loan contract stating that the entire balance becomes due immediately if other contract conditions are not met.
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Interest that has been earned but not received or recorded.
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Corporation chartered by a state to engage in international banking: so named because the corporation enters into an “agreement” with the Fed’s Board of Governors that it will limit its […]
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The process of fully paying off indebtedness by installments of principal and earned interest over a definite time.
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The cost of credit on a yearly basis expressed as a percentage.
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A series of equal payments made at regular intervals, with interest compounded at a specified rate.
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The charge for estimating the value of property offered as security.
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An increase in the value or price.
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Anything an individual or a business owns that has commercial or exchange value.
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