Examlex
A dependent cannot claim a personal exemption on his or her own return.
Effective Rate
The actual interest rate of an investment or loan when compounding interest is taken into account, differing from the nominal rate by including the effects of compounding.
Financial Position
A snapshot of the resources, obligations, and the net worth of an individual or organization at a specific point in time.
Nominal Rate
The stated interest rate of a loan or investment, not taking into account the effect of compounding.
Semiannually
Referring to an occurrence or event happening twice a year.
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