CPR Definition

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CPR is Constant Payment Rate, used to estimate the average life of mortgage-backed securities based on historical payments.

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COST ACCOUNTING is a managerial accounting activity designed to help managers identify, measure, and control operating costs.

DEBIT CARD is a banking card enhanced with automated teller machine (ATM) and point-of-sale (POS) features so that it can be used at merchant locations. A debit card is linked to an individuals checking account, allowing funds to be withdrawn at the ATM and point-of-sale without writing a check. Each financial institution creates an identity for its debit card to customize the product and differentiate it in the market. Debit cards can also be called deposit access cards.

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