Examlex
Work is likely to be most satisfying for employees if it is associated with
Compounded Semi-annually
Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods, applied twice a year.
Equivalent Cash
A term typically used to describe a sum of money that has the same value as another form of financial instrument or asset.
Compounded Semi-annually
Involves the calculation and addition of interest to the principal sum twice per year.
Lump Payment
A single, one-time payment made for a significant amount instead of breaking the payment into installments.
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