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Interest Rate
The percentage at which interest is charged or paid on a loan or savings, typically expressed as an annual percentage rate.
Present Value
The immediate value of an upcoming amount of money or a series of cash inflows, based on a set rate of return.
Usury Law
Legislation that sets maximum interest rates that can be charged on loans to prevent exploitation and excessive interest charges.
Shortage
A market condition where the demand for a product exceeds its supply, often leading to higher prices.
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