Examlex
The distinction between ________ and ________ ________ is important to maintain separation of functions.
Compounded Monthly
Entails the regular addition of interest to the principal balance of a loan or deposit every month, affecting overall returns or costs.
Semi-monthly Payments
Payments that are made twice a month, often on the 1st and 15th, typically in the context of salaries or loans.
Loan to Value Ratio
A financial term used by lenders to express the ratio of a loan to the value of an asset purchased.
Amortized
Relates to spreading payments over multiple periods to gradually eliminate a liability or loan, incorporating both principal and interest components.
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