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The quality and consistency of the connection on a dedicated line are worse than a dial-up line because dedicated lines provide a temporary connection.
Simple Interest
Interest figured only on the principal balance, or on the portion of the principal balance that is still due.
Closing Balance
The amount of money in an account at the end of a period, after all transactions have been accounted for.
Bank Account
A financial account maintained by a bank or another financial institution in which the deposits, withdrawals, and balances of a customer are recorded.
Maturity Value
The sum owed to an investor at the conclusion of a fixed-duration investment, encompassing both the original amount invested and the accrued interest.
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