Examlex
Stage 3 NREM and Stage 4 NREM
Amortization Period
The length of time it takes to pay off a debt or loan in full through regular payments.
Compounded Quarterly
The process of calculating and adding interest to the principal sum of a deposit or loan every three months.
Outstanding Balance
The total amount of money that is still owed on a loan or a line of credit that has yet to be paid.
Semi-annually Compounded
A reiteration of interest calculation and addition to the principal balance every half year, facilitating growth in investments or debt.
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