Examlex
A small increase in productivity growth can have a huge impact on a country's standard of living.
Maturity
Maturity, in the context of finance, refers to the date on which the final payment of a loan or financial instrument must be paid back in full.
Line of Credit
A flexible loan from a bank or financial institution that offers a maximum loan balance that can be used over time.
Demand Note
A short-term loan that must be repaid (both principal and interest) in a lump sum at maturity.
Compounding
The process where the value of an investment increases because the earnings on an investment, both capital gains and interest, earn interest as time passes.
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