Examlex
When is nonperformance by a contractual party excusable?
Face Value
The nominal value printed on a financial instrument like a bond or currency note, representing its legal value.
Compound Interest
Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Initial Deposit
The upfront payment made to open an account or initiate an investment, serving as the first financial transaction in a series.
Infinite Geometric Series
A series of numbers in which the ratio of each term to its preceding term is constant, and the number of terms is infinite.
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