Examlex
What is a judicially imposed condition in which an offender is sentenced after being convicted of a crime, but is not required to begin serving the sentence immediately?
Compounded Monthly
The process of calculating interest on an initial principal, which also includes all of the accumulated interest from previous periods on a loan or investment, with the compounding occurring on a monthly basis.
Effective Annual Rate
The interest rate on an investment or loan that considers the effects of compounding over a given time period.
Compounded Quarterly
An investment or loan interest calculation method where interest is added to the principal four times a year.
Effective Annual Rate
The interest rate on an investment or loan that is annualized, taking compounding into account.
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