SIGNATURE LOAN Definition

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SIGNATURE LOAN is a loan secured by the borrower with nothing more than the signature of that borrower.

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BALANCE is: a. equality between the totals of the credit and debit sides of an account; or, b. the difference between the totals of the credit and debit sides of an account.

OUTPUT VAT is VAT on a companys sales. See also VALUE ADDED TAX (VAT).

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