Examlex
Project penalty clauses that initiate at mutually agreed-on points in the project's development and implementation are:
Nominal Interest Rate
The interest rate as stated on a loan or financial product, not taking into account inflation or fees.
Annual Compounding
The method of accruing interest on the main amount of a deposit or loan annually.
Semi-annual Compounding
The process of calculating interest where the accumulated interest is added to the principal sum twice a year.
GICs
Guaranteed Investment Certificates, fixed-term deposits offered by Canadian banks that guarantee a certain rate of return over a specified period.
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