Examlex
FLSA regulations allow employers to reduce the salaries of exempt-status employees who are on a jury duty. (Jury Duty and Witness Duty Leaves)
Deposit
Money placed into a financial institution for safekeeping, which can also earn interest depending on the type of account.
Semiannually Compounded Rate
An interest rate that is compounded twice a year, affecting the total amount of interest earned or paid.
Interest
The cost of borrowing money, typically expressed as an annual percentage of the loan amount.
Bank
A financial institution licensed to receive deposits, make loans, and offer various financial services, such as currency exchange and wealth management.
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