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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EXCHANGE RATE EFFECTS is the effect on any given currency as the rate of exchange changes providing either a gain or loss in value against other currencies.

DEFEASANCE CLAUSE is the clause in a mortgage that permits the mortgagor to redeem his or her property upon the payment of the obligations to the mortgagee.

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