C&I Definition

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C&I (COST & INSURANCE), in a price that is quoted 'C&I', means that the cost of the product and insurance are included in the quoted price. In this case, the cost of shipping would be borne by the buyer.

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MASTER BUDGET formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statements. However, dependent upon the individual or geographic location, is variously contains the cash budget only; or the income statement and the balance sheet combined; or the income statement and the balance sheet and the cash budget combined.

PAYDOWN is the systematic reduction in principal of a mortgage- or asset-backed security resulting in a series of principal payments, either scheduled or unscheduled.

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