International Development Association (IDA)

Definition:

Association established as part of the World Bank to stimulate country development; it was especially suited for the world's 80 poorest countries, providing loans with no or low interest rates.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Credit Terms

The conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period.

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