Examlex
A third person does not have the status of an intended third-party beneficiary unless it is clear at the time the contract was formed that the parties intended to impose a direct obligation with respect to the third person.
Annual Growth Rate
The percentage increase in the value of a particular investment or portfolio over the period of a year.
Discounting
The process of determining the present value of a future amount of money or stream of cash flows given a specific rate of return.
Compounded Annually
Interest on an investment that is calculated once a year on both the initial principal and the accumulated interest from previous periods.
Compounded Monthly
A method of calculating interest where the interest earned each month is added to the principal, so that the balance grows at an increasing rate.
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