Term
|
Definition
| interest paid or computed on the original principal only of a loan or on the amount of an account |
|
|
Term
|
Definition
| interest computed on the sum of an original principal and accrued interest |
|
|
Term
|
Definition
| A rule stating that in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72 |
|
|
Term
|
Definition
| bearing interest that is free from federal or state income tax |
|
|
Term
|
Definition
| Investment earnings such as interest, dividends or capital gains that accumulate tax free until the investor withdraws and takes possession of them |
|
|
Term
|
Definition
| The effective annual rate of return taking into account the effect of compounding interest |
|
|
Term
|
Definition
| a money-market bond of a preset face value paying fixed interest and redeemable without penalty only on maturity |
|
|
Term
|
Definition
| A U.S. government savings bond that offers a fixed rate of interest over a fixed period of time |
|
|
