COST/INCOME RATIO Definition

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COST/INCOME RATIO is total expenses divided by the sum of total income.

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REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

YANKEE CD is a Certificate of Deposit issued in the United States through the branch of a foreign bank, but denomi­nated in U.S. dollars.

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