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Maturity Value
The amount payable to the holder of a financial instrument upon its maturity, including both the principal and the interest.
360-Day Year
A financial convention that simplifies the interest calculation by assuming a year has 360 days.
Maturity Date
The specified date on which the final payment of a loan or financial instrument must be paid, at which point the principal (and all remaining interest) is due to be paid.
Leap Years
Years with 366 days, occurring every four years, to keep the calendar year synchronized with the astronomical year.
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