Tooltip Categories: Economics & Finance

earnest money deposit

Earnest money is a deposit made to a seller that represents a buyer’s good faith to buy a home. The money gives the buyer extra

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e-learning

The use of electronic media and information and communication technologies (ICT) in education. E-learning is broadly inclusive of all forms of educational technology in learning

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e-money

Money or scrip that is only exchanged electronically. Typically, this involves the use of computer networks, the internet and digital stored value systems. (source: http://en.wikipedia.org/wiki/Electronic_money)

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dunning letter

Written notification of the pending amounts, meant to prod past-due customers to make a payment. (source: http://www.businessdictionary.com/definition/letter-of-collection.html#ixzz26FnIg0TP)

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due date

deadline for payment or activity. (source: http://financial-dictionary.thefreedictionary.com/Due+Date)

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due diligence

Due diligence is an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It

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draft

A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to

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draft acceptance

Acceptance means the drawee’s signed agreement to pay a draft as presented. It must be written on the draft and may consist of the drawee’s

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draw

Something taken or chosen at random, as a ticket in a raffle or lottery. (source: http://www.wordreference.com/definition/draw)

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