COST Definition

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COST is the amount of money that must be paid to take ownership of something; expense or purchase price.

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LONDON INTERBANK OFFERED RATE (LIBOR) is the rate that the most creditworthy international banks that deal in Eurodollars charge each other for large loans. It is equivalent to the federal funds rate in the U.S.

OFA is Oracle Flexible Architecture or Oracle Financial Accounting.

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