Examlex
Identify/define and explain the significance of the following: Samuel Richardson.
Semi-Annually
A term indicating something occurs twice a year.
Endowment Fund
A financial asset, often in the form of a donation to institutions, where the principal remains intact and only the investment income is used.
Monthly Grants
Financial assistance or funds distributed on a monthly basis to individuals, organizations, or projects.
Compounded Semi-Annually
A frequency of interest calculation where the interest is added to the principal every six months, resulting in earning interest on interest in the second half of the year.
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