Examlex
A hybrid alternative that is rapidly gaining popularity which trades on an exchange but where prices are kept close to the value of the underlying portfolio through arbitrage activities by a few institutional investors is called
Compounded Monthly
Refers to the process of adding interest to the principal balance of a loan or investment on a monthly basis, allowing the interest to then earn interest in the subsequent months.
Quadruple
To multiply or increase fourfold; also refers to a quantity that is four times as large as another.
Effective Annual Rate
The interest rate that is adjusted for compounding over a yearly period.
Per Month
A term used to describe an action or event that occurs once every month.
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