Examlex
Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Alexandria
Retire
The process of leaving one's job and ceasing to work, typically due to age or health reasons.
Interest Rate
The percentage of a sum of money charged for its use, reflecting the cost of borrowing money or the return on invested funds.
Bond
A fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.
Payment
The transfer of money or goods in exchange for the provision of services, the fulfillment of an obligation, or the purchase of goods.