Examlex
The purchase of a new house is included in
Treasury Bill
A short-term government security issued at a discount from the face value and yielding the face value upon maturity.
Market Rate
The prevailing interest rate available in the marketplace for securities or loans, dictated by supply and demand forces.
Simple Interest
Interest earned or paid only on the original principal amount invested or loaned.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.
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