Examlex
In the short run, if average product is at its maximum, then average variable cost is at its minimum.
Present Value
The present value of a sum of money or series of cash flows expected in the future, discounted at a certain rate of return.
Amortized Loan
A loan repaid in equal periodic amounts (or “killed off” over time).
Repayment Of Principal
The process of paying back the original amount borrowed in a loan, excluding any interest charges.
Effective Annual Return
The interest rate on an investment on an annual basis, accounting for the effect of compounding more than once per year.
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