Examlex
What vendor selection criteria are described by price and financial stability?
Pay Off
To complete the payment of a debt, thereby fulfilling a financial obligation.
Compounded Semi-Annually
Interest on a loan or investment calculated twice a year on the initial principal and previously earned interest.
Amortized
The process of paying off debt through regular payments over a period, which includes both principal and interest.
Compounded Monthly
The frequent calculation and addition of interest to an investment or debt balance each month.
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