Term
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Definition
| Interest calculated only on money deposited, not on prior interest earned |
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Term
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Definition
| Interest calculated on both deposits made and prior interest earned |
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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 rate, you divide the compound return into 72. The result is the approxiamate number of years that it will take for your investment to double |
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Term
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Definition
| Not subject or liable to taxation |
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Term
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Definition
| Noting or providing income that is not taxed until a later time |
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Term
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Definition
| A normal representation of an interest rate based on a compounding period of one year |
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Term
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Definition
| A written acknowledgement of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specific interest rate |
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Term
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Definition
| A US government bond that offers a fixed rate of interest over a fixed period of time |
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