Examlex
The doctrine of res ipsa loquitur constitutes a type of defense to a negligence action.
Compounded Semi-Annually
Refers to the process where interest is added to the principal balance of an investment, loan, or deposit twice a year, leading to interest earning on interest previously accumulated.
Initial Investment
The upfront sum of money used to start an investment or project.
Compounded Daily
An interest calculation method where interest is added to the principal sum daily so that each day's interest earnings also earn interest in the future.
Nominal Interest Rate
The stated or named interest rate on a loan or investment, not accounting for inflation or compounding effects.
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