Examlex
Match the term with the definition.
-Program launched by President Kennedy in 1961 through which young American volunteers helped with education, health, and other projects in developing countries around the world. More than 60,000 volunteers had served by the mid-1970s.
Maturity Value
The total amount payable to an investor at the end of a fixed-term investment, including the principal and the interest.
Strip Bond
A fixed-income security that is created by separating the principal and interest payments of a longer-term bond, selling them as individual zero-coupon bonds.
Yield Rate
Yield rate represents the earnings generated and realized on an investment over a particular period, expressed as a percentage.
Compounded Semi-annually
Pertains to the process of adding interest to the principal sum of a loan or deposit on a twice-yearly basis, allowing the interest to also earn interest at these intervals.
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