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Definition of implicit contract: Nonbinding commitment, such as an employer's
offer of continuity of employment, wages, and working conditions in the ...
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Definition of implicit cost: The costs associated with an action's tradeoff. It is
related to explicit costs, which represent the actual costs of an activity, and ...
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Definition of implicit rate: An interest charge on a loan that is not explicitly stated
by the lender. For example, if a customer making a large purchase wishes to ...
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Definition of implicit interest rate: Refers to a loan that has not identified an
interest rate. For example, a person will pay $50 per month for 6 months instead
of ...
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Definition of GDP implicit price deflator: Current dollar GDP divided by constant
dollar GDP. This ratio is used to account for the effects of...
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Definition of implicit tax: A reduction in the return on a tax-favored investment. In
theory, investors are willing to accept a lower return on an...
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Definition of implicit rental rate: Firm's opportunity cost when it uses its own
assets for ongoing operations rather than for other uses. This rate can...
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GDP Implicit Price Deflator - Ratio used by foreign exchange investors to allow
them to consider the impact of inflation on an economy, arrived at by dividing ...
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For example, not paying rent on the self-owned property (called implicit rent) is
an implicit cost, because rent is a tax deductible expense but implicit rent is not.
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implicit tariff definition - Tariff revenue on a good or group of goods, divided by
the corresponding value of imports. Often lower than the official or statutory tariff,
...
www.dictionarycentral.com/definition/implicit-tariff.html
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