Business Terms and Jargon Explained

What is Gross interest

This is the interest earned before tax has been deducted. e.g the bank has to deduct tax from the interest earned at base rate. The gross interest may be advertised to look more attractive to the consumer.

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Floatation Zone Equilibrium Exchange Rate
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Autoresponder Bells and whistles Remote Access
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Audit Trail Warranties Directors
Procurement Scalability Process
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Equity DNS Official Receiver
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Consideration Tenge Retained earnings

Term created / updated 2005-07-16 23:12:15

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