Examlex
Each year about one-half million tort suits are filed. Most are in ____ courts.
Amortization Schedule
a table detailing each periodic payment on an amortizing loan, showing the amount of principal and the amount of interest that comprise each payment so that the loan will be paid off by the end of its term.
Effective Rate
The actual interest rate earned or paid on an investment, loan, or other financial product, taking into account the effect of compounding.
Ordinary Interest
A method for calculating interest based on a 360-day year.
360-Day Year
A 360-day year is an accounting practice that treats each month as having 30 days, simplifying interest calculations in the financial industry.
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