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Depositor

In the world of finance, those who entrust their funds to a bank are referred to as depositors. These individuals serve as the primary lenders, with the expectation of receiving their money back at the conclusion of the deposit period. In essence, depositors play a crucial role in the banking system by providing the necessary funds for financial institutions to operate and grow.

Simple Interest

In the world of finance, one of the fundamental concepts is simple interest. It involves multiplying the interest rate by the principal amount and the number of periods. Unl...

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Savings bank account

's deposits Let's discuss a financial term that may seem commonplace but holds significant importance in the world of banking and finance - the savings account. This type of ...

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Interest payout

A crucial aspect of investments, interest payout refers to the distribution of accumulated interest to the investor on a periodic basis. This can be in the form of quarterly...

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Annual Yield

The effective annual rate of return considers the impact of compounding interest. Its significance lies in its ability to convert diverse interest rates into a comparable an...

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