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UAB is a vital economic engine of the state of Alabama with an estimated $7.15 billion annual impact. UAB is currently the state's largest employer with more than 24,000 faculty and staff and over 64,000 jobs at the university and in the health system. Almost 10% of the jobs in the Birmingham-Hoover Metropolitan Area are related to UAB. [4]
2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
These fees are set by the credit card networks, [1] and are the largest component of the various fees that most merchants pay for the privilege of accepting credit cards, representing 70% to 90% of these fees by some estimates, although larger merchants typically pay less as a percentage. Interchange fees have a complex pricing structure, which ...
The first to follow Hunt was a law school student by the name of Jackie L. Shropshire, would later go on to become the university's first black graduate in 1951. 1952 University of Arkansas Medical School graduate Edith Irby Jones, who was also admitted to the University of Arkansas in 1948, would be the first African American to be admitted in ...
In 1996, four million merchants sued Mastercard in federal court for making them accept debit cards if they wanted to accept credit cards and dramatically increasing credit card swipe fees. This case was settled with a multibillion-dollar payment in 2003. This was the largest antitrust award in history. [34]
The three-year repayment rate for each school that receives Title IV funding is available at DOE's College Scorecard. [96] This number may be a poor indicator of the overall default rate: some schools place loans into forbearance, deferring loans beyond the three-year window to present a low default rate. [97] [98]
A smart card (SC), chip card, or integrated circuit card (ICC or IC card), is a card used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. [1] Many smart cards include a pattern of metal contacts to electrically connect to the internal chip.
[2] [6] The "discount rate" is the rate at which the "discount" must grow as the delay in payment is extended. [7] This fact is directly tied into the time value of money and its calculations. [1] The present value of $1,000, 100 years into the future. Curves representing constant discount rates of 2%, 3%, 5%, and 7%