Examlex
Which sphincter is composed of smooth muscle between the esophagus and stomach?
Personal Savings
The portion of an individual's income that is not spent on consumption and is set aside for future use.
Credit Union
A financial institution that is owned and operated by its members, focusing on providing credit at competitive rates as well as other financial services.
Maturity Value
For an interest-bearing note, it is the sum of the face value (principal) and the interest dollars: MV = P + I.
360-Day Year
An accounting assumption that simplifies interest calculations by using a year composed of twelve 30-day months.
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