Term
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Definition
| Interest computed only on the principle. |
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Term
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Definition
| Interest figured on money deposited plus interest. |
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Term
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Definition
| A method used to estimate the amount of time or interest it will take for savings to double in value. |
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Term
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Definition
| Earnings that are free of certain taxes. |
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Term
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Definition
| Savings or earning that are not taxed until the funds are withdrawn. |
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Term
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Definition
| The rate of yearly earnings from an account, including compound interest. |
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Term
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Definition
| A savings tool that loans money to the U.S government for a specified period of time. The bondholder is repaid with interest at the time of maturity. |
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Term
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Definition
| Monet deposited for a set period of time that earns a set annual rate of interest. |
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