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The greater the number of compounding periods within a year, then (1) the greater the future value of a lump sum investment at Time 0 and (2) the smaller the present value of a given lump sum to be received at some future date.
Deposit
A sum of money placed with a bank or other financial institution for safekeeping, or as partial payment in a purchasing process ensuring the buyer's intent to carry out the contract.
Refused Delivery
The act of rejecting or not accepting a delivery of goods or mail.
Unascertained Goods
Goods that have not been specifically identified or allocated to a contract at the time of its formation.
Appropriated
The act of taking something for one's own use, typically without the owner's permission.
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