CARTE BLANCHE Definition

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CARTE BLANCHE is unrestricted power to act at ones own discretion, i.e. unconditional authority.

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IMPLICIT RATE OF INTEREST is when the stated interest rate is not indicative of the market rate at the time a note is negotiated, the value of the asset (cash or non-cash) or service exchanged for the note establishes the market rate.

RIAL is a currency of Iran, Oman, and Yemen.

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