Examlex
In Maverick Recording Co.v.Harper,where Maverick Recording Co.sued Harper for copyright infringement for illegally downloaded audio files,the appeals court held that:
Present Value
The contemporary evaluation of a future financial sum or cash inflow patterns, using a defined rate of return.
Simple Interest
Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and the rate of interest without compounding.
Account Balance
The amount of money held in a financial account, which reflects all transactions made.
Interest
The cost of borrowing money, usually expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.
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