Examlex
The value of an object property can be another object.
360-Day Year
A simplified method of calculating interest for commercial loans or bonds that assumes each month has 30 days, resulting in a 360-day year.
Interest
The cost of borrowing money or the return on investment, typically expressed as a percentage over a period of time.
Principal
The original sum of money borrowed in a loan, or the amount of the investment on which interest is calculated.
Promissory Note
A Promissory Note is a financial document in which one party promises to pay a specified sum of money to another party at a predetermined date or on demand.
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