Examlex
Railroad workers in West Virginia went on strike and froze most of the country's train traffic to demonstrate their resentment against long working hours.
Interest Paid
The amount paid by a borrower to a lender for the privilege of borrowing money, typically expressed as an annual percentage rate.
Effective Interest Rate
The true rate of simple interest.
Contract Interest Rate
The agreed-upon rate of interest that will be charged or paid on a financial contract, such as a loan or bond.
Issued at Discount
When a bond or other security is sold for less than its face value.
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