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Expansionary fiscal policy increases income, which increases imports, and this in turn increases the size of the trade deficit.
Fringe Benefit
Additional compensation provided to employees beyond their base salaries, such as health insurance, retirement plans, and paid time off.
Loan Payment Schedule
A detailed plan indicating the amounts due and payment dates over the life of a loan.
Effective Rate
The actual interest rate an investment earns or a loan accrues due to compounding over a specified period.
Amortized
Refers to the gradual reduction of a debt over time by paying regular installments that cover both interest and principal.
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