Examlex
Wolff sets forth a version of anarchism, holding that all forms of government violate our overriding duty to act autonomously. Wolff's argument (and essay) can be divided into two parts. In the first he describes the meaning of political authority, distinguishing it from mere power. In the second part he defines autonomy and argues that it is incompatible with accepting authority.
-Wolff says that the anarchist may grant the necessity of complying with the law under certain circumstance.
Interest
The cost of borrowing money, typically expressed as a percentage of the borrowed amount, paid by the borrower to the lender.
Effective Rate
The actual interest rate of an investment or loan when the compounding frequency is accounted for, giving a true reflection of the cost or yield.
Compounded Annually
The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.
Twins
Biologically born individuals sharing the same womb simultaneously, often characterized by a close genetic and physical similarity.
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