Examlex
Sometimes the costs of control exceed its benefits.
Compounded
The process where interest earned on an investment is reinvested to earn additional interest over time.
Nominal Rate
The advertised or stated interest rate of an investment or loan, not accounting for compounding or inflation.
Endowment
An endowment is a financial asset, in the form of money or property, donated to institutions or individuals, typically used for a specific purpose like a scholarship fund.
Per Month
A phrase indicating a recurring event or a calculation basis occurring every month.
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