Examlex
Most organizations start off as a simple structure.
Interest Earning
Refers to the process by which money accrues interest over time in a savings account or investment.
Bank Account
A financial account maintained by a banking institution where a customer can deposit and withdraw money.
Simple Rate
A simple interest rate is calculated only on the principal amount of a loan or investment, without compounding over time.
Interest Charged
The amount of money charged by a lender to a borrower for the use of borrowed funds, expressed as a percentage of the principal.
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