Examlex
Identify and state the historical significance of the following:
-Second Bank of the United States
Deposits
Funds placed into an account at a financial institution, often earning interest.
Interest
The cost of borrowing money or the payment received for lending money, often expressed as a percentage of the principal.
Savings
Money that is set aside for future use rather than being spent immediately, often with the aim of achieving longer-term financial goals.
Retire
In finance, it often refers to the paying off or buying back of debt or securities, implying the removal of these items from the financial markets.
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