Examlex
A tenant is responsible for all damage to leased premises.
Compounded Monthly
Involves calculating and adding interest to the principal amount of an investment or loan on a monthly basis.
Deferred Annuity
An annuity where the start of the periodic payments is delayed by more than one payment interval.
Compounded Annually
The process where interest is calculated once per year and added to the principal sum, affecting the total amount and future interest calculations.
Lump Amount
A single payment made at a particular time, as opposed to several smaller payments or installments.
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