UNITIZE Definition

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UNITIZE is to separate or classify into units, e.g. auto manufacturers unitize along model designations.

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PROMISES FOR THE FUTURE is not a standard term, but is sometimes used in contracts to delineate what orders/commitments may exist in the future. Dependent upon the contractual language, it may or may not be binding.

RISK-FREE RATE is the rate of return available in the market on an investment free of default risk.

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