Examlex
The legal enforceability of an arbitrator's decision when a contract includes a binding arbitration clause was established by a series of Supreme Court cases known as the Beck doctrine.
Nominal Rate
The stated interest rate of an investment or loan, without taking into account inflation or compounding of interest.
Semi-Annual Compounding
A method of calculating interest where the interest is added to the principal balance twice a year, leading to compound interest growth.
Nominal Rate
The advertised or stated interest rate on a loan or investment, not accounting for compounding or inflation effects.
Compounded Quarterly
The method of applying interest to the principal amount on a quarterly basis, considering the accumulated interest from previous quarters.
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