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Compounded Annually
The process of calculating interest on both the initial principle and the accumulated interest of previous periods on a yearly basis.
Beginning of the Year
Refers to the start date of a calendar or fiscal year.
Pay Today
The requirement or action of making a payment at the current date, commonly used in the context of purchasing or settling debts.
Cloture
A legislative procedure used to end a filibuster in the Senate, requiring a supermajority vote to close debate on a bill or nomination and proceed to a vote.
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