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Nominal Rate
The interest rate stated on a financial instrument, without adjustment for the full effect of compounding or inflation.
Annuity
A financial product that pays out a fixed stream of payments to an individual, often used as part of retirement strategies.
Times Interest Earned
A metric assessing a firm's capability to fulfill its debt requirements using its earnings prior to interest and taxes.
Market Rate
Market rate is the common or prevailing price level for goods, services, or financial instruments in a specific marketplace.
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