Examlex
What occurs when a redundant storage server offers an exact replica of the real-time data, and if the primary server crashes, the users are automatically directed to a secondary server?
Interest Annually
Interest annually refers to interest that is calculated and added to the principal balance once per year.
Term Deposit
A bank deposit that has a fixed term and typically offers a higher interest rate than savings accounts.
Credit Union
A member-owned financial cooperative that provides traditional banking services.
Simple Interest
Interest calculated only on the principal amount, or the original sum of money borrowed or invested, without considering the effect of compounding over time.
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