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Annual Interest Rate
The annual interest rate is the percentage charged on a loan or paid on an investment for a one-year period, representing the cost of borrowing or the earnings from an investment.
Net Savings
The amount left after subtracting a person's or organization's total expenses from their total income, often accumulated over time.
Discount Period
The time frame between the beginning of a loan or credit term and the date the full payment is due, during which a discount may be offered for early payment.
Aging Schedule
A report categorizing a company's accounts receivable according to the length of time an invoice has been outstanding, used to determine credit and collection policies.
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