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Short message service allows users to send short text messages on digital cell phones.
Compounded Monthly
A method where interest earnings are calculated and added to the principal sum each month, effectively earning interest on the interest from the previous month.
Compounded Semiannually
A different phrase for interest calculation done two times a year, where interest is added to the principal for future interest calculation.
Compounded Monthly
A method of calculating interest where the accumulated interest is added back to the principal sum each month.
Residential Mortgage Loan
A loan secured by real property through the use of a mortgage note, typically used to purchase residential properties.
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