Examlex
What is the Local Group?
Conditional Sale
A sales agreement that includes conditions that must be met for the sale to be finalized or for the title of the property to be transferred to the purchaser.
Compounded Annually
Compounded annually refers to the process where interest is added to the principal sum once per year, resulting in the growth of the initial amount over time.
Retirement Fund
A financial arrangement designed to provide individuals with an income or pension during retirement.
Annual Payments
Payments made once a year, often used in the context of loans, annuities, or insurance policies.
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