Examlex
What is the term that refers to cases where a person can be held criminally liable in the complete absence of mens rea?
Compounded Monthly
Describes the process in which interest earnings are calculated on both the initial principal and the accumulated interest from previous periods, recalculated every month.
Monthly Payment
An amount paid every month, often related to loans or financial agreements like mortgages.
Compounded Monthly
Interest on an investment or loan calculated and added to the balance monthly, leading to interest on interest.
Amortized
Describes a loan or mortgage with scheduled periodic payments that cover both interest and principle over a certain time period.
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