Examlex
It is now recognized that:
Interest Rate
The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.
Semi-Annually
Occurring or calculated over half a year; typically refers to interest computed twice a year.
Trust Fund
A legal entity established to hold assets on behalf of a person or group, often used for estate planning or to manage money for beneficiaries.
Present Value
A payment’s economically equivalent amount at a prior date, allowing for the time value of money.
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