Examlex
A compressed image file can be reconstructed if a lossy compression algorithm is used because the compression process is reversible.
Student Loans
Borrowed money that is used to pay for higher education expenses, which must be repaid with interest.
Compounded Monthly
A method where interest earnings are calculated and added to the principal sum each month, leading to increased interest in the next period.
Mortgage Loan
A loan secured by real property through the use of a mortgage note.
Savings Account
A financial account at a bank or similar institution that ensures the security of the original sum while yielding a slight return in interest.
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