Examlex
The future value of an ordinary annuity is the accumulated value of each annuity payment
with interest one period after the date of the final payment.
Referendum
A direct vote by the electorate on a specific question, proposal, or issue, often used to make decisions on legislative amendments or policy changes.
Fiscal Year
A one-year period used for accounting and financial purposes, which may or may not align with the calendar year.
Founding Fathers
The group of leaders who laid the foundational governance structures of the United States and were instrumental in the drafting of key documents such as the Declaration of Independence and Constitution.
Northwest Ordinance
An act of the Congress of the Confederation of the United States passed in 1787 to create a structured settlement of the Northwest Territory and establish a precedent for the admission of future states.
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