Examlex
Income refers to what people own at a particular point in time, while wealth refers to the amount of new money people receive within a given time frame.
Total Amount
The complete sum of money required or received, often including principal, interest, taxes, and fees.
Ordinary Interest
Interest calculated on the basis of a 360-day year, which is commonly used in calculating interest for loans, mortgages, and bonds.
360-Day Year
An accounting method that simplifies interest calculation by assuming all months have 30 days, resulting in a 360-day year.
Total Amount
The complete sum or quantity of something.
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