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What Was the Principle of Virtual Representation

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What was the principle of virtual representation?


Definitions:

Interest Rate

The percentage at which interest is charged on a loan or paid on savings.

Guaranteed Investment

An investment product that promises a certain return or protects the principal amount.

Matures

Refers to the date on which a financial obligation must be repaid or the final payment is due, typically used in the context of bonds or loans.

Days

Units of time equivalent to 24 hours, representing one complete rotation of the Earth on its axis.

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