Examlex
________ fairness refers to the perceived fairness of the process with which a firm handles customer complaints.
Gross Monthly Income
The total personal income earned per month before any deductions like taxes or social security contributions.
Compounded Semi-annually
Interest calculation method where interest is computed on the principal and also on the interest from previous six-month periods, applied twice a year.
Amortized
The process of paying off a debt over time in regular installments of interest and principal sufficient to repay the loan in full by its maturity date.
Compounded Semi-annually
A technique used to compute interest in which the interest is compounded semi-annually by being added to the principal sum two times within the year.
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