BILLINGS IN EXCESS OF COSTS Definition

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BILLINGS IN EXCESS OF COSTS see COST IN EXCESS OF BILLINGS.

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CALL PREMIUM is a premium in price above the par value of a bond or share of preferred stock that must be paid to holders to redeem the bond or share of preferred stock before its scheduled maturity date.

SERVICE CONTRACT is a contract offered by a retailer for maintaining and repairing a product beyond its manufacturers warranty coverage.

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