Term
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Definition
A quick method of
calculating the interest charge on a loan. |
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Term
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Definition
Interest
that accrues on the initial principal and the accumulated interest of a principal. |
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Term
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Definition
A rule stating that in order
to find the number of years required to double your money at a given interest. |
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Term
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Definition
To be free from, or not
subject to, taxation by regulators or government entities. |
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Term
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Definition
Investment earnings
such as interest, dividends or capital gains that accumulate tax free. |
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Term
| annual percentage yield (APY) |
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Definition
| The effective annual rate of return taking into account the effect of compounding interest. |
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Term
| Certifricate of Deposit(cd) |
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Definition
| A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. |
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Term
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Definition
A U.S.
government savings bond that offers a fixed rate of interest over a fixed period |
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