COMMERCIAL LOAN Definition

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COMMERCIAL LOAN is a short-term business loan usually issued for a term of up to six months.

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SEMIVARIALBLE COST is one that varies with changes in volume, but, unlike variable cost, does not vary in direct proportion. This component contains both fixed and variable elements, e.g., a rented vehicle may have a rental fee (fixed), but contain a mileage adder (variable).

BOND DISCOUNT is the excess of a bond face value over issued price.

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