In the following table, match the description to the term. $($Hint: These are not necessarily complete definitions, but there is only one possible

answer for each term.$)$

Description

Term

This type of discount is used most often in seasonal businesses.

To estimate the annual rate, divide the interest paid by half the amount received.

If the borrower cannot repay the loan, the lender can liquidate certain assets.

Firms evaluate the likelihood of a customer being unable to pay on their account.