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Financial Terms

Annualized Premium

It is calculated by multiplying the monthly premium by 12 for yearly payments or by multiplying the quarterly premium by four for quarterly payments.

As we delve deeper into the realm of finance, it is important to understand the concept of annualized premium. This term refers to the complete amount of premium that is paid on a yearly basis to maintain the policy's validity. This calculation involves multiplying the monthly premium by 12 for yearly payments or multiplying the quarterly premium by four for quarterly payments. This gives us a clear understanding of the total cost incurred for the policy in a year.

Base rate

This rate is used by commercial banks as a benchmark to set their own interest rates. Let's dive into the world of finance, where understanding the concept of base rate is ...

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Auditor

An essential figure in the world of finance, the auditor is a qualified individual responsible for conducting thorough audits. With a keen eye for detail, they meticulously ...

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Fiscal Policy

This includes stimulating economic growth, controlling inflation, and managing unemployment. Fiscal policy refers to the utilization of taxation, public expenditure, and pu...

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FDI

This type of investment can be beneficial for both the investing country and the receiving country. FDI can bring new technology, create jobs, and stimulate economic growth. ...

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