Examlex
Why did Goldman Sachs and Morgan Stanley seek to become financial holding companies in October 2008?
Deposits
Funds placed into an account at a financial institution for safekeeping or to earn interest.
Compounded Monthly
An interest calculation method where interest is added to the principal balance on a monthly basis, resulting in interest being earned on top of interest.
Monthly Payments
payments made once a month toward a loan or other financial obligation.
Loan
A sum of money that is borrowed and expected to be paid back with interest.
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