Examlex
What is a device that is around the same size as a credit card, containing embedded technologies that can store information and small amounts of software to perform some limited processing?
Compounded Semiannually
The calculation of interest where the interest earned over a period is added to the principal, and the process is repeated twice a year.
Gross Debt Service Ratio
A financial ratio that compares an individual's monthly housing costs (including mortgage payments, property taxes, and utilities) to their gross monthly income, used by lenders to assess borrowing capacity.
Gross Monthly Income
The total amount of income earned in a month before taxes and deductions.
Compounded Monthly
Interest or returns on an investment are calculated and added to the principal amount every month.
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