Examlex
Res ipsa loquitur applies in cases where the defendant had non-exclusive control of the instrumentality or situation that caused the plaintiff's injury,and the injury would not have ordinarily occurred but for someone's negligence.
Compound Interest
Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Initial Deposit
The upfront payment made to open an account or initiate an investment, serving as the first financial transaction in a series.
Infinite Geometric Series
A series of numbers in which the ratio of each term to its preceding term is constant, and the number of terms is infinite.
Terms
Conditions and stipulations that are agreed upon in a contract or agreement between parties.
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