DEFERRED PAYMENT CREDIT Definition

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DEFERRED PAYMENT CREDIT is a type of a letter of credit where payment is made at a specified interval after collection papers are submitted.

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FACTORY OVERHEAD is the costs of operating a factory which cannot be assigned directly to a specific department or product.

BASIS, INVESTMENT, is the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

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