Examlex
A union is a type of cartel.
Compounded Semi-annually
The process where interest is added to the principal sum of an investment or loan twice a year, resulting in interest earning interest.
Third Payment
This refers to the third installment of a series of payments toward a financial obligation.
Loan
Borrowed capital which is due to be paid back with interest.
Payments
Transactions made to fulfill obligations, such as bills, loans, or purchases.
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