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Definition of Progress Payments
Periodic payments to a supplier, contractor or subcontractor for work satisfactorily performed to date.
A statistical compilation formulated by a sovereign nation of all economic transactions
The difference between the demand for and supply of a country's currency on the foreign exchange market.
A statement of a country's transactions with other countries.
A computerized clearing system for sterling funds
An international wire transfer system for high-value
A bond's interest payments.
Contractual debt payments based on the coupon rate of interest and the principal amount.
There is typically a lag of about three months between the time the weighted
Reducing fund transfers between affiliates to only a netted amount. Netting can be done on
escribes the lagged collection pattern of receivables, for instance the probability that a
payments made in excess of scheduled mortgage principal repayments.
A periodic review of a capital investment project to evaluate its continued economic viability.
A tax in which the rich pay a larger percentage of income than the poor. Contrast with regressive tax.
A tax system wherein the average tax rate increases for some increases in income but
Goods or services that have commenced the production process but are incomplete and unable to be sold.
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