Examlex
The U.S. Rule can be applied to open credit payments.
Compound Interest
Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Additional Interest
Interest that accumulates in addition to the regular interest due, often the result of late payments or changes in interest rates.
Down Payment
An initial upfront portion of the total amount due, often in the context of purchasing an expensive item like a house, which is not financed through a loan.
Additional Money
Extra funds that are either needed or have been obtained to cover expenses, investments, or any unforeseen financial requirements.
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