CONTRACT RATE OF INTEREST Definition

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CONTRACT RATE OF INTEREST is the interest rate specified in a contract.

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CONTROL PREMIUM is an amount (expressed in either dollar or percentage form) by which the pro rata value of a controlling interest exceeds the pro rata value of a non-controlling interest in a business enterprise, that reflects the power of control.

OPEN TO BUY is the dollar amount budgeted by a business for inventory purchases for a specific time period.

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