The percentage which, when multiplied by the face amount or The amount of money you borrowed or deposited, excluding any accumulated interest. Some examples include:
• Credit cards: The amount of purchases you have made but not paid on your credit card ... More of a Any investment that you purchase. Examples include an exchange-traded fund, a mutual fund, stock in an individual company, a bond and a money market fund. There are also many more complex financia... More, such as a A form of debt issued by government entities and corporations. More, savings account or loan, determines the amount of A charge for borrowing money, most often based on a percentage of the amount owed. More that will be paid to or by the The other person involved in a financial transaction. Examples of counterparties include the bank issuing your mortgage, the bank at which you have your checking and savings accounts or the company is... More. A charge for borrowing money, most often based on a percentage of the amount owed. More rates are generally stated before consideration of the impact of any compounding.
I am also a retired property-casualty A professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q