Examlex
A relay question is when asked a question,the trainer reasks the question to the person who asked the question in hopes they will provide an answer.
Quarterly Compounded
Refers to the calculation of interest that is added to the principal balance of an investment or loan four times a year.
Equivalent Effective Rate
A comparable interest rate that equates the interest earned on different investments or loans over the same time period, taking into account the effects of compounding.
Face Value
The original value of a financial instrument as stated on the instrument itself, without accounting for interest or market value fluctuations.
Simple Interest
Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.
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