Examlex
The process that decreases the time and resources required by different activities is called:
Simple Interest Rate
The percentage of the principal amount that is paid as interest for a specified period.
Contract
A contract that is recognized and can be enforced by law, formed between two or more participants.
Simple Interest
Simple Interest is a calculation of interest that does not take into account the effect of compounding. It is typically calculated by multiplying the daily interest rate by the principal amount and the number of days that elapse between payments.
Early Redemption
The act of returning a financial instrument, such as a bond, before its maturity date, often subjecting the holder to a penalty or reduced return.
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