Examlex
__________ legislation specifies the maximum amount of money that an agency may spend on a given program.
Interest Rate
The percentage of a loan amount that is applied as interest for the borrower, usually shown as an annual rate of the remaining loan balance.
Present Value
The present worth of a future amount of money or series of cash flows when a particular return rate is applied.
Semiannually
Occurring twice a year, typically every six months, often used in the context of interest or dividend payment schedules or reporting periods.
Annual Interest Rate
The percentage rate charged or paid over a year for borrowing or saving money.
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