Examlex
All of the following are accurate statements of biomedicine except:
Scheduled Payment
A pre-determined amount of money that is paid at regular intervals according to a repayment plan, such as a loan or mortgage.
Compounded Semi-annually
Interest calculation method where interest is added to the principal sum of a deposit or loan every six months, leading to interest on interest.
Private Loan
A loan sourced from a private entity or individual, as opposed to a government or public lender.
Accrued Interest
Interest that has been incurred but not yet paid, typically relating to bonds or loans.
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