Examlex
Explain the difference between the F-,F+,Hfr,and F designations.
Conditional Sale Contract
A contract agreement where the sale is contingent upon fulfilling certain conditions or terms.
Compounded Monthly
The process by which interest is calculated on both the principal and the accumulated interest on a monthly basis.
Deferred Annuity
An annuity contract that delays payments until the investor elects to receive them, often at retirement.
Ordinary Annuity
An ordinary annuity consists of identical payments that are made at the conclusion of successive periods for a specified duration.
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