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Banking Day
A day on which the development financial institution (DFI) is open to the public and performing a majority of their banking functions, or, in the case of...
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Effective Rate
The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage, and is calculated by dividing gross processing fees by gross sales. Learn More
Related Terms
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DNE (Death Notification Entry)
A notice made only by the federal government to notify the receiving depository financial institution (RDFI) of the death of a receiver.
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