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OAC stands for "On Approval Credit." It refers to a financing arrangement where a lender provides credit to a borrower, contingent upon the borrower's ability to meet certain criteria or conditions. This term is often used in the context of loans or credit applications, indicating that the approval is not guaranteed until specific terms are satisfied.
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Earn +20 ptsQ: What does terms OAC mean?
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Continue Learning about Math & Arithmetic
The sum of of terms divided by the number of terms?
The mean, or the average.
The sum of terms dividedby the number of terms?
That's the definition of the "mean" or "average" of that group of terms.
Whats sum of terms divided by the number of terms?
The arithmetic mean.
What does factor the sum of terms mean?
.
What does principal mean in math terms?
principal(in terms of math)- the amount you borrow or deposit
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