Abbreviations

Below you will find the list of abbreviations and terms used in describing the Standard Brazilian Account Products module.

Abbreviation	Description
IOF	Tax on financial operations which is charged over all types of financial operations, such as credit, exchange, etc.
Daily Aliquot	It is a percentage applied to the negative balance of current accounts daily.
Variation Aliquot	It is a percentage applied to the variation of the negative balance of current accounts. Only when the negative balance increases is this aliquot applied.

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