Examlex
Which of the following actions is illegal?
Nominal Rate
The advertised or stated interest rate of an investment or loan, not accounting for compounding or inflation.
Endowment
An endowment is a financial asset, in the form of money or property, donated to institutions or individuals, typically used for a specific purpose like a scholarship fund.
Per Month
A phrase indicating a recurring event or a calculation basis occurring every month.
Perpetual Preferred Share
A type of preferred stock that has no fixed maturity date, potentially offering dividends indefinitely.
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