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At the end of the discovery process, either party may move for summary judgment in their favor in an effort to end the case at that point.
Interest Earning
Refers to the process by which money accrues interest over time in a savings account or investment.
Bank Account
A financial account maintained by a banking institution where a customer can deposit and withdraw money.
Simple Rate
A simple interest rate is calculated only on the principal amount of a loan or investment, without compounding over time.
Interest Charged
The amount of money charged by a lender to a borrower for the use of borrowed funds, expressed as a percentage of the principal.
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