Examlex
What were the major ideas of Jean-Jacques Rousseau? In what ways were Rousseau's ideas unique, differing from those of his predecessors?
Nominal Rate
The interest rate before adjustments for inflation, as opposed to the real rate, which is adjusted for inflation.
Inflation
How quickly the average price of goods and services elevates, lessening the power to purchase.
APR
Annual Percentage Rate, the annual rate charged for borrowing or earned through an investment, which includes all fees and costs associated with the transaction.
Mortgage Rate
The interest rate charged on a mortgage loan, determined by the lender, which affects the monthly payments and total amount paid over the life of the loan.
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