Examlex
False imprisonment occurs only when a person justifiably restrains another.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment without compounding, based on a 365-day year.
360-Day Year
A simplified accounting method where the year is considered to have 360 days for the calculation of interest and other financial metrics.
Two Years
A period of time equal to 24 months or 730 days, typically used as a measure for planning or agreements.
Exact Interest
Interest calculated based on a 365-day year, used to provide a precise interest computation.
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