Examlex
An advantage of the payback method is that it does not take into account the time value of money.
Escrow Account
An escrow account is a financial arrangement where funds or assets are held by a third party on behalf of two other parties in the process of completing a transaction.
Semi-annual
Refers to events or processes that occur or are carried out twice a year.
Mortgage Payment
A regular payment made towards a mortgage loan, typically including both principal and interest components.
Apothem
A line segment that goes through the center of a polygon that is perpendicular to a side.
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