Examlex
A horizontal merger is a merger between two or more companies that compete in the same business and geographical market.
Deposit
An amount of money placed in an account, typically to keep it safe or to earn interest.
Annual Contributions
The amount of money contributed to a particular account or investment over the course of a year.
Savings Plan
A scheme that encourages regular saving with a bank or financial institution, often linked with benefits such as interest or investment returns.
Effective Rate
A comprehensive annual rate that accounts for compounding, often used in finance and investments to provide a true comparison among different financial products.
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