The Abbreviation LAT Means

question 12

Multiple Choice

The abbreviation LAT means :

• A)closer to the surface.
• B)pertaining to the side.
• C)below.
• D)in back of.

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Definitions:

Annual Rate

The interest rate for a period of one year, often used to compare the yearly interest between financial products without compounding.

Appreciated

Refers to an increase in the value of an asset over time.

Compounded Semiannually

Interest calculated twice per year, with the first period's interest being added to the principal before the second period's interest is calculated.

Strip Bond

A financial instrument obtained by separating the coupons from the principal of a bond, which then sells each part as a zero-coupon bond.