Examlex
Educational credentials are extremely important in societies that emphasize credentialism, which is a process of social selection in which class advantage and social status are linked to the possession of academic qualifications.
Compounded Monthly
The process of adding interest to the principal sum of a loan or deposit, where the amount of the interest is calculated monthly and then added to the sum, causing interest on interest.
Compounded Semi-Annually
The process of applying interest to an initial amount and to the accumulated interest over two periods within a year.
EAR
Effective Annual Rate, which measures the real return on an investment or the real interest rate on a loan, accounting for the effect of compounding.
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