ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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EFFECTIVE INTEREST RATE Definition
EFFECTIVE INTEREST RATE is the cost of credit on a yearly basis expressed as a percentage. Includes up-front costs paid to obtain the loan, and is, therefore, usually a higher amount than the interest rate stipulated in the note.
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C&C can mean: Cash and Carry or Collection & Classification.
COST EFFECTIVE is when a judgment is made that something is economical in terms of the goods or services received for the money spent.
