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In a busy shopping mall, Leslie and others notice that an elderly person has fallen and is clearly in distress. In deciding whether to intervene, Leslie looks around to see how other people are responding. The behaviour in which Leslie is engaging is known as
Loan Term
The duration of time agreed upon by the lender and borrower for the repayment of a loan.
Discount Rate
The interest rate charged to commercial banks and other depository institutions for loans received from a central bank's discount window; or alternatively, used in discounted cash flow (DCF) analysis to present value future cash flows.
Present Value
The immediate value of a future amount of money or stream of payments, given a set rate of return.
Annuity
An investment vehicle that disburses a fixed series of payments to an individual, typically serving as an income provision for those who have retired.
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