Examlex
Major gangs have made ______ an important source of income, and activities in this area have become even more lucrative with the advent of a street market for a variety of drugs.
Compounded
In finance, referring to the process where interest is calculated on the initial principal and also on the accumulated interest from previous periods.
Stated Interest
The annual interest rate declared on a financial instrument, such as a loan or bond, not accounting for compounding or fees.
Pure Discount Loan
A loan where the borrower receives an amount less than the principal value and repays the principal amount at maturity with no additional interest.
Single Lump Sum
A one-time payment of money, opposed to a series of payments made over time. This term is often used in finance for describing investments or payouts.
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