Examlex
What is an interest rate swap? Describe how they are used.
Individual Retirement Account
A tax-advantaged investing tool that individuals use to earmark funds for retirement savings.
Rate of Return
The profit or deficit generated from an investment during a defined timeframe, represented as a percentage of the investment's initial value.
Insurance Settlement
An insurance settlement is the payment made by an insurance company to a claimant, policyholder, or a designated recipient as compensation for a covered loss or policy event.
Interest Rate
The percentage charged or paid for the use of money on a yearly basis.
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