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You are a human resource manager with a large manufacturing firm. Yesterday you heard one of your recruiters ask a woman applicant the following question: "Do you plan to have any more children?" Would this be an employment standard to avoid? If this is an employment standard to avoid, what law or court decision is it based on?
Amortized
The process of paying off a debt through regular payments that cover both principal and interest.
Principal Balance
The outstanding amount of a loan or mortgage that remains to be paid, not including interest.
Personal Loan
A type of unsecured loan provided by financial institutions based on the borrower’s creditworthiness without collateral.
Perpetuity
A type of annuity that continues indefinitely, often used in finance to model consistent payments or cash flows without an end date.
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