Examlex
Explain how the 'seasons' would be represented on Uranus.
Interest Rate
The percentage of an amount of money charged by a lender to a borrower for the use of assets.
Effective Interest Rate
A measure of the real cost of borrowing that takes into account the effect of compounding interest in addition to the nominal rate.
Compensating Balance
Compensating Balance is a minimum bank account balance that a borrower must maintain as part of a loan agreement, often used by banks as a requirement for extending a loan.
Interest Rate
The percentage of principal charged by the lender for the use of its money or the return earned on deposited funds.
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