Examlex
A constructor is a method that is automatically called when an object is created.
Student Loans
Loans offered to students to finance their education, which are typically repaid after the completion of the degree or program.
Principal
The initial amount of money borrowed in a loan or the amount of money invested, not including interest or profits.
Demand Loan
A type of loan where the lender can demand repayment at any time.
Simple Interest Rate
A fixed percentage of the principal amount that is paid as interest for the use of borrowed funds, calculated on an annual basis without compounding.
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