CUT SCORE Definition

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CUT SCORE is a point on a score scale in which scores at or above the point are in a different category or classification than scores below the point (e.g. pass versus fail).

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CONSTRUCTIVE FRAUD is an act, statement, or omission which operates as a fraud, although perhaps it was not intended to be such.

EX-DIVIDEND DATE is the first date a stock trades without dividend, usually four business days before the record date.

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