noun
- A precise rule (or set of rules) specifying how to solve some problem.
- synonyms: algorithmic rule, algorithmic program
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Algorithm is a complex mathematical model. In credit scoring, it is used to compare data in millions of credit reports and predict a person's likelihood to repay debts.
Identifies the second highest level in the formal City organization in which a specific activity is carried out; several' Division's may comprise a single department.