Examlex
The more interdependent two groups are the less potential for conflict exists.
Pay Off
To completely repay the outstanding balance of a loan or debt.
Simple Interest
An interest calculation method where the interest charge is based on the original principal amount of a loan or deposit and does not accumulate or compound.
Annum
A term referring to a year, often used in financial contexts to describe periods of time related to investments or contracts.
Variable Interest Rate
An interest rate that can fluctuate over time based on underlying benchmarks or indexes.
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