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Borrowed
Refers to funds that have been taken from another party under the agreement that they will be repaid at a later date, often with interest.
Semi-Annual Compounding
Interest calculation on a financial instrument twice a year, adding the interest amount to the principal sum each time.
Interest
The charge for borrowing money, typically expressed as an annual percentage of the principal amount.
Quarter
A three-month period on the financial calendar that companies use to report their earnings and performance.
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