Term
|
Definition
| Interest paid only on the original principal, not on the interest accrued. |
|
|
Term
|
Definition
| Interest computed on the accumulated unpaid interest as well as on the original principal. |
|
|
Term
|
Definition
| A rule of thumb method used to determine how many years it takes to double investment money at a given growth or interest rate. |
|
|
Term
|
Definition
| Producing interest that is exempt from income tax |
|
|
Term
|
Definition
| Of or relating to an investment that is not liable to taxation until income is withdrawn or an appointed date is reached |
|
|
Term
|
Definition
| Amount of interest expressed as a percentage rate, a deposit account (or a share draft account) would earn in a year at a stated interest rate. |
|
|
Term
|
Definition
| A certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. |
|
|
Term
|
Definition
| in general, bond that matures in 10 years or more. |
|
|
