Examlex
When comparing the investments of different mutual funds, little variation in the risk level exists.
Annuity Stream
A series of fixed payments made at regular intervals, such as monthly or annually, over a specified period or for a lifetime.
Effective Annual Rate
The actual return on an investment or the real rate of interest on a loan, taking into account the effect of compounding over a period.
Amortized Loan
An amortized loan is a loan where the principal is paid down over the life of the loan, typically through equal payments.
Present Value
The equivalent value today of cash flows or a sum of money anticipated in the future, using a predetermined return rate.
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