Examlex
Significant brain losses prior to age 65 are unusual.
Premium
An amount paid in addition to the standard cost or value, often for insurance, bonds, or the higher quality of a product or service.
Interest Rate
The fee, represented as a proportion of the principal, imposed by a lender on a borrower for utilizing assets.
Effective Interest Method
A method of calculating the amortized cost of a bond and the amount of interest expense over time by applying a constant interest rate to the carrying amount of the bond.
Interest Expense
The cost incurred by an entity for borrowed funds, often expressed as an annual percentage rate.
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