Examlex
The latitude of meridians is equal at all locations.
Guaranteed Investment Certificate
A secure investment that guarantees to return the principal plus interest at a specified rate over a fixed period.
Annual Interest Rate
The percentage of principal that is paid as interest to the lender annually, not accounting for the compound interest within that year.
Maturity Value
The final amount payable at the end of a financial instrument's term, including the principal and accumulated interest.
Commercial Paper
Promissory notes issued by large corporations to borrow funds for a short term.
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