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An MIT is a transaction that you initiate without direct participation of your customer, based on a prior agreement with that customer authorizing you to store and use their credentials.
Massachusetts Institute of Technology (MIT) | History Facts | Britannica.
A merchant-initiated transaction (MIT) refers to a card payment made by a merchant without the customer being actively involved, as part of an agreement made during an initial customer-initiated transaction (CIT).
Charges are costs that you owe to MIT, such as tuition, fees, health insurance, housing (if living on campus), dining, TechCASH, and any other expenses that you incur during the semester.
A fund payment is a component of a payment made by the trustee of an MIT that, in effect, represents a distribution of its net income of the MIT, but excludes: dividend, interest or royalty income. capital gains and losses from a capital gains tax asset that is not taxable Australian property.
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One MIT unit is approximately equal to 14 hours of work per term. The Subject Listing displays units for each subject as a series of three numbers (e.g., 3-2-7). The numbers added together (3+2+7) equal the total credit for the subject (12).
Massachusetts Institute of Technology Massachusetts Institute of Technology / Full name
Like the Apache 2.0, and BSD family of licenses the MIT License is a permissive software license that places few restrictions of reuse. Users of software using an MIT License are permitted to use, copy, modify, merge publish, distribute, sublicense and sell copies of the software.

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