Examlex
Which term refers to a grouping of similar jobs to simplify job pricing?
Market Interest Rate
The prevailing rate of interest available in the market for securities of similar risk and maturity.
Effective Interest Rate
The actual return on investment or cost of a loan, taking into account the compounding of interest, as opposed to the nominal rate.
Stated Interest Rate
The annual interest rate declared on a loan or investment, not taking into account compounding or fees.
Premium Amortized
The process of gradually writing off the initial cost of a premium over the period of the bond to match it with the interest earned.
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