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Non-Convertible Currency Definition

Non-convertible (inconvertible) currency is any nation's legal tender that is not freely traded on the global foreign exchange market. Non-convertible currency refers to a currency that is not easily exchanged or
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Takeout Definition

In the context of finance, the term takeout can refer to: A long-term loan that replaces another loan, often a short-term one. A slang term for the purchase of a company via
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Is Economics a Science?

Economics is generally regarded as a social science, although some critics of the field argue that economics falls short of the definition of a science for a number of reasons,
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Counseling Liability Definition

The term "counseling liability" refers to legal liabilities arising from the provision of counseling services. This risk is faced by many types of professionals, including marriage counselors, substance abuse therapists,
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Full Faith and Credit Definition

Full faith and credit is a phrase used to describe one entity's unconditional guarantee or commitment to back the interest and principal of another entity's debt. The full faith and
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