Examlex
What are the pros and cons of mandatory retirement? For society? For the individual?
Post-secondary
Relating to education after high school, including college, university, and vocational or technical training.
Compounded
The process where interest earned on an investment is reinvested to earn additional interest over time.
Nominal Rate
The advertised or stated interest rate of an investment or loan, not accounting for compounding or inflation.
Endowment
An endowment is a financial asset, in the form of money or property, donated to institutions or individuals, typically used for a specific purpose like a scholarship fund.
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