Examlex
Bond interest rates change as the market rate of interest changes.
Savings Account
A bank account where money is deposited for safekeeping, which earns interest over time.
Simple Interest
Interest calculated on the principal portion of a loan or deposit without compounding.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.
Simple Interest
Interest computed solely on the initial sum or on the outstanding part of that initial sum.
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