Examlex
The world is divided into ________ time standard zones.
360-Day Year
A simplified calculation method used in finance, assuming a year consists of 360 days for the purpose of interest calculation.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment, based on the original amount without compounding.
360-Day Year
An accounting method that simplifies interest calculations by using 360 days as the length of a year.
Loan Period
The duration over which a borrower is obligated to repay a loan, typically specified in months or years.
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