Super Finance Glossary

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Random Glossary Terms

Federal Deposit Insurance Corporation (FDIC): A federal institution that insures bank deposits.
OPEC: Organization of Petroleum Exporting Countries
Crossover rate: The return at which two alternative projects have the same net present value.
Control: 50% of the outstanding votes plus one vote.
Standby letter of credit: Agreement to guarantee invoice payments to a supplier; a standby LOC promises to pay the seller if the buyer fails to pay.