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Chapter 8
Term | Definition |
---|---|
Bond | A written promise to pay a debit by a specified date |
Certificate Of Deposit | A deposit in a savings institution that earns a fixed interest rate for specified period of time |
Compound Interest | Interest paid on the pays for damage to your car caused by something other than a collision, such as damage from storms, vandalism, and theft |
Dividend | Portion of a company's profits paid to the owners |
Principal(Savings) | Money on deposit |
Simple Interest | Interest paid one time per year at the end of the year on the average balance in the savings account |