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Guaranteed Contract
An agreement ensuring certain terms are fulfilled, often used in the context of employment contracts guaranteeing payment.
Rate of Return
The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.
Compounded Monthly
Interest calculation method where interest is added to the principal sum at the end of each month, leading to interest on interest.
Balance
The amount of money currently in an account or owed on an account at any given time.
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