Examlex
One of the most explosive areas of growth in recent years has been cellular phone networks.
Implicit Interest
The cost of borrowing that is not explicitly stated as an interest rate, often factored into the terms of leases or other financial agreements.
Face Value
The nominal or dollar value printed on a security, such as a bond or stock, representing its legal worth.
Effective Annual Yield
The interest rate on an investment or loan, which is compounded more than once per year, represented as an annual rate.
Interest Payment
The payment made by a borrower to a lender as compensation for the use of borrowed money, typically calculated as a percentage of the principal.
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