EXCHANGE RATE Definition

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EXCHANGE RATE is the rate at which one currency can be traded for another.

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GARNISH is to take a debtors wages under a legal order, e.g. for child support or an IRS tax liability.

DEBIT is a record of an indebtedness; specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account.

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