Examlex
At the time of a custodial arrest, officers may conduct a thorough search of the person being arrested and the area under his/her immediate control.
Treasury Bill
A short-term government security issued at a discount from the face value and yielding the face value upon maturity.
Market Rate
The prevailing interest rate available in the marketplace for securities or loans, dictated by supply and demand forces.
Simple Interest
Interest earned or paid only on the original principal amount invested or loaned.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.
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