Examlex
Generally,punitive damages are not recoverable for breach of contract.
Monthly Grants
Financial assistance or funds distributed on a monthly basis to individuals, organizations, or projects.
Compounded Semi-Annually
A frequency of interest calculation where the interest is added to the principal every six months, resulting in earning interest on interest in the second half of the year.
Present Value
The current value of a future sum of money or stream of cash flows, given a specified rate of return.
Perpetuity
A type of financial instrument that pays a fixed amount of cash flows indefinitely, without a maturity date.
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