Examlex
Which of the following is generally true of the basal layer of a glacier?
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.
Future
A financial contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.
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