Examlex
A valid performance appraisal evaluates behaviours that are critical to job success.
Effective Rate
The effective rate is the actual interest rate that a borrower pays on a loan or receives on a deposit account, after the compounding of interest is taken into account.
Contract Rate
The interest rate specified in a financial contract, notably in loans or leases, that must be paid over the duration of the agreement.
Effective Interest Method
A way of amortizing the bond premium or discount over the life of the bond in a manner that reflects a constant rate of interest.
Bond Premium
The amount by which the market price of a bond exceeds its principal amount or face value, typically as a result of changes in interest rates.
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