SIGNATURE LOAN is a loan secured by the borrower with nothing more than the signature of that borrower.
OPPORTUNITY LOSS see OPPORTUNITY COST.
WIP is an acronym for Work in Process/Progress. Usually refers to inventory that has value added from labor or additional processing. When considered for inventory value, the value of the raw material plus the value added component is accounted for in determining the value of that inventory at that point in the process.
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